BHP Billiton plc (BLT) Given a GBX 1,280 Price Target by Deutsche Bank AG Analysts
BHP Billiton plc (LON:BLT) has been given a GBX 1,280 ($16.71) price target by research analysts at Deutsche Bank AG in a note issued to investors on Thursday. The firm presently has a a “neutral” rating on the mining company’s stock. Deutsche Bank AG’s target price would indicate a potential upside of 6.31% from the stock’s current price.
A number of other analysts have also issued reports on BLT. Morgan Stanley set a GBX 950 ($12.40) target price on shares of BHP Billiton plc and gave the company a “buy” rating in a research note on Thursday, June 9th. JPMorgan Chase & Co. reissued an “underweight” rating and set a GBX 800 ($10.44) target price on shares of BHP Billiton plc in a research note on Friday, June 10th. BNP Paribas restated a “neutral” rating and issued a GBX 850 ($11.10) price objective on shares of BHP Billiton plc in a report on Monday, June 13th. Credit Suisse Group AG restated an “outperform” rating and issued a GBX 1,050 ($13.71) price objective on shares of BHP Billiton plc in a report on Thursday, June 16th. Finally, Sanford C. Bernstein set a GBX 790 ($10.31) price objective on BHP Billiton plc and gave the company a “neutral” rating in a report on Tuesday, June 21st. Four 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. The company currently has an average rating of “Hold” and a consensus price target of GBX 983.75 ($12.84).
Shares of BHP Billiton plc (LON:BLT) opened at 1212.50 on Thursday. The stock’s market cap is GBX 64.53 billion. BHP Billiton plc has a 52 week low of GBX 571.60 and a 52 week high of GBX 1,217.00. The stock has a 50 day moving average of GBX 1,055.18 and a 200-day moving average of GBX 929.45.
In other news, insider Frew,Anita bought 4,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 6th. The shares were purchased 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.
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