BHP Billiton’s (BLT) Sell Rating Reaffirmed at Liberum Capital

BHP Billiton (LON:BLT)‘s stock had its “sell” rating reiterated by investment analysts at Liberum Capital in a note issued to investors on Tuesday. They currently have a GBX 800 ($11.05) target price on the mining company’s stock. Liberum Capital’s target price suggests a potential downside of 48.78% from the stock’s current price.

Several other equities analysts also recently commented on BLT. Barclays upped their price objective on BHP Billiton from GBX 1,300 ($17.96) to GBX 1,375 ($19.00) and gave the company an “equal weight” rating in a research note on Tuesday, October 24th. Credit Suisse Group upped their price objective on BHP Billiton from GBX 1,380 ($19.07) to GBX 1,430 ($19.76) and gave the company a “neutral” rating in a research note on Thursday, October 26th. Macquarie restated an “outperform” rating and set a GBX 1,600 ($22.11) target price on shares of BHP Billiton in a research report on Thursday, October 26th. JPMorgan Chase & Co. restated an “underweight” rating and set a GBX 1,235 ($17.06) target price on shares of BHP Billiton in a research report on Friday, October 27th. Finally, Societe Generale increased their target price on BHP Billiton from GBX 700 ($9.67) to GBX 1,404 ($19.40) and gave the stock a “hold” rating in a research report on Thursday, November 9th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 1,445.74 ($19.97).

BHP Billiton (BLT) opened at GBX 1,562 ($21.58) on Tuesday. BHP Billiton has a 12 month low of GBX 1,103 ($15.24) and a 12 month high of GBX 1,662.40 ($22.97). The company has a market capitalization of $90,100.00 and a P/E ratio of 1,977.22.

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About BHP Billiton

BHP Billiton Plc is a global resources company. The Company is a producer of various commodities, including iron ore, metallurgical coal, copper and uranium. Its segments include Petroleum, Copper, Iron Ore and Coal. The Petroleum segment is engaged in the exploration, development and production of oil and gas.

Analyst Recommendations for BHP Billiton (LON:BLT)

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