Published On: Tue, Mar 14th, 2017

BHP Billiton PLC (LON:BLT) Receives Underweight Rating From JP Morgan Cazenove Analysts

BHP Billiton PLC (LON:BLT) had its stock rating retained as ‘Underweight’ in a report released by analysts at JP Morgan Cazenove.

JP Morgan Cazenove today set a target price of 1265 on the company’s stock. According to the analyst this now indicates there is a potential decrease of -0.78% from BHP Billiton PLC’s current price of 1275.


Over the last twelve months BHP Billiton PLC’s stock price has increased by 61.92% from 787.43 to 1275.

There are currently 5,322,000,000 shares in issue with a current share value of 1275 giving BHP Billiton PLC a market capitalisation of 67.86B GBp .

BHP Billiton PLC (LON:BLT) has a 50 day moving average of 1375.26 and a 200 day moving average of 1268.45. The 52 week high for the share price is 1518.5 while the 52 week low for the stock is 714.7.

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. The Copper segment is engaged in mining of copper, silver, lead, zinc, molybdenum, uranium and gold. The Iron Ore segment is engaged in mining of iron ore. The Coal segment is engaged in mining of metallurgical coal and thermal (energy) coal. Its businesses include Minerals Australia, Minerals Americas, Petroleum and Marketing. It extracts and processes minerals, oil and gas from its production operations located primarily in Australia and the Americas. It manages product distribution through its global logistics chain, including freight and pipeline transportation. It sells its products through direct supply agreements with its customers and on global commodity exchanges.