BHP Billiton plc (BLT) Given New GBX 1,017 Price Target at Investec
BHP Billiton plc (LON:BLT) had its price target lifted by Investec from GBX 980 ($12.79) to GBX 1,017 ($13.28) in a research note issued to investors on Tuesday. They currently have a hold rating on the mining company’s stock.
Several other equities analysts have also recently weighed in on BLT. Deutsche Bank AG restated a hold rating and set a GBX 880 ($11.49) price objective on shares of BHP Billiton plc in a research note on Monday, June 6th. Morgan Stanley set a GBX 950 ($12.40) price objective on BHP Billiton plc and gave the company a buy rating in a research note on Thursday, June 9th. JPMorgan Chase & Co. restated an underweight rating and set a GBX 800 ($10.44) price objective on shares of BHP Billiton plc in a research note on Friday, June 10th. BNP Paribas restated a neutral rating and set a GBX 850 ($11.10) price objective on shares of BHP Billiton plc in a research note on Monday, June 13th. Finally, Credit Suisse Group AG restated an outperform rating and set a GBX 1,050 ($13.71) price objective on shares of BHP Billiton plc in a research note on Thursday, June 16th. Four research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and seven have given a buy rating to the stock. BHP Billiton plc presently has an average rating of Hold and a consensus target price of GBX 981.25 ($12.81).
Shares of BHP Billiton plc (LON:BLT) opened at 1095.00 on Tuesday. The stock has a 50 day moving average of GBX 1,035.12 and a 200-day moving average of GBX 913.93. BHP Billiton plc has a 12 month low of GBX 571.60 and a 12 month high of GBX 1,203.50. The company’s market cap is GBX 58.28 billion.
In other BHP Billiton plc news, insider Frew,Anita bought 4,500 shares of BHP Billiton plc stock in a transaction dated Tuesday, September 6th. The shares were purchased at an average cost of GBX 998 ($13.03) per share, with a total value of £44,910 ($58,621.59).
BHP Billiton plc Company Profile
BHP Billiton Plc is engaged in exploration, development, production, processing and marketing of minerals, in respect of iron ore, metallurgical and energy coal, copper, aluminum, manganese, uranium, nickel, silver and potash, and exploration, development, production and marketing of conventional and unconventional oil and gas.
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