BHP Billiton plc (BLT) Price Target Raised to GBX 1,290 at Deutsche Bank AG
BHP Billiton plc (LON:BLT) had its price objective hoisted by Deutsche Bank AG from GBX 1,230 ($16.06) to GBX 1,290 ($16.84) in a report released on Wednesday morning. The brokerage currently has a hold rating on the mining company’s stock.
Several other research firms have also recently weighed in on BLT. Beaufort Securities reissued a hold rating on shares of BHP Billiton plc in a research report on Wednesday, June 22nd. Macquarie reaffirmed a neutral rating and issued a GBX 1,070 ($13.97) target price on shares of BHP Billiton plc in a research report on Tuesday, August 23rd. Morgan Stanley set a GBX 1,080 ($14.10) target price on BHP Billiton plc and gave the stock a buy rating in a research report on Wednesday, June 29th. JPMorgan Chase & Co. reaffirmed an underweight rating and issued a GBX 800 ($10.44) target price on shares of BHP Billiton plc in a research report on Friday, June 10th. Finally, Credit Suisse Group AG reaffirmed an outperform rating and issued a GBX 1,050 ($13.71) target price on shares of BHP Billiton plc in a research report on Thursday, June 16th. Four analysts have rated the stock with a sell rating, eighteen have given a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of GBX 983.75 ($12.84).
BHP Billiton plc (LON:BLT) traded up 0.33% during midday trading on Wednesday, reaching GBX 1208.00. 4,158,655 shares of the company traded hands. BHP Billiton plc has a 12-month low of GBX 571.60 and a 12-month high of GBX 1,217.00. The company has a 50-day moving average price of GBX 1,055.18 and a 200-day moving average price of GBX 929.45. The company’s market cap is GBX 64.30 billion.
In other news, insider Frew,Anita purchased 4,500 shares of BHP Billiton plc stock in a transaction that occurred on Tuesday, September 6th. The stock was acquired at an average cost of GBX 998 ($13.03) per share, for a total transaction of £44,910 ($58,621.59).
About BHP Billiton plc
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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