Jefferies Group Reaffirms “Buy” Rating for BHP Billiton plc (BLT)
BHP Billiton plc (LON:BLT)‘s stock had its “buy” rating reissued by investment analysts at Jefferies Group in a research note issued on Thursday. They currently have a GBX 1,250 ($16.32) price objective on the mining company’s stock. Jefferies Group’s target price would indicate a potential upside of 13.95% from the company’s current price.
A number of other research analysts have also recently weighed in on BLT. Deutsche Bank AG restated a “hold” rating and issued a GBX 880 ($11.49) price target on shares of BHP Billiton plc in a research report on Monday, June 6th. Morgan Stanley set a GBX 950 ($12.40) price target on BHP Billiton plc and gave the company a “buy” rating in a research report on Thursday, June 9th. JPMorgan Chase & Co. restated an “underweight” rating and issued a GBX 800 ($10.44) price target on shares of BHP Billiton plc in a research report on Friday, June 10th. BNP Paribas restated a “neutral” rating and issued a GBX 850 ($11.10) price target on shares of BHP Billiton plc in a research report on Monday, June 13th. Finally, Credit Suisse Group AG reiterated an “outperform” rating and set a GBX 1,050 ($13.71) price objective on shares of BHP Billiton plc in a research report on Thursday, June 16th. Four equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and seven have given a buy rating to the company. BHP Billiton plc has an average rating of “Hold” and an average price target of GBX 981.25 ($12.81).
Shares of BHP Billiton plc (LON:BLT) opened at 1097.00 on Thursday. The firm’s market capitalization is GBX 58.39 billion. BHP Billiton plc has a 1-year low of GBX 571.60 and a 1-year high of GBX 1,203.50. The company has a 50-day moving average of GBX 1,035.25 and a 200-day moving average of GBX 914.74.
In related news, insider Frew,Anita acquired 4,500 shares of BHP Billiton plc stock in a transaction that occurred on Tuesday, September 6th. The stock was acquired at an average price of GBX 998 ($13.03) per share, for a total transaction 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.
Receive News & Stock Ratings for BHP Billiton plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BHP Billiton plc and related stocks with our FREE daily email newsletter.