Published On: Wed, Oct 19th, 2016

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 1090 on the company’s stock. According to the analyst this now indicates there is a potential decrease of -10.51% from BHP Billiton PLC’s current price of 1218.


Over the last twelve months BHP Billiton PLC’s stock price has increased by 13.85% from 1069.81 to 1218.

There are currently 5,322,442,000 shares in issue with a current share value of 1218 giving BHP Billiton PLC a market capitalisation of 64.83B GBp .

BHP Billiton PLC (LON:BLT) has a 50 day moving average of 1095.13 and a 200 day moving average of 954.68. The 52 week high for the share price is 1279.5 while the 52 week low for the stock is 571.6.

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.