BHP Billiton plc (BLT) Receives Outperform Rating from Credit Suisse Group AG
Credit Suisse Group AG restated their outperform rating on shares of BHP Billiton plc (LON:BLT) in a research report released on Thursday morning. They currently have a GBX 1,150 ($15.01) target price on the mining company’s stock.
Other equities analysts also recently issued research reports about the company. JPMorgan Chase & Co. reiterated an underweight rating and issued a GBX 1,000 ($13.05) price objective on shares of BHP Billiton plc in a report on Thursday. Royal Bank Of Canada reiterated a sector performer rating on shares of BHP Billiton plc in a report on Thursday. Jefferies Group increased their price objective on BHP Billiton plc from GBX 800 ($10.44) to GBX 900 ($11.75) and gave the stock a hold rating in a report on Thursday, July 7th. Morgan Stanley set a GBX 1,080 ($14.10) price objective on BHP Billiton plc and gave the stock a buy rating in a report on Wednesday, June 29th. Finally, BNP Paribas reiterated 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. Four research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of Hold and an average price target of GBX 983.75 ($12.84).
BHP Billiton plc (LON:BLT) traded up 2.54% during trading on Thursday, reaching GBX 1232.50. 8,771,756 shares of the company’s stock were exchanged. The firm has a 50 day moving average of GBX 1,058.73 and a 200-day moving average of GBX 930.31. BHP Billiton plc has a 12 month low of GBX 571.60 and a 12 month high of GBX 1,255.00. The stock’s market cap is GBX 65.60 billion.
In other BHP Billiton plc news, insider Frew,Anita acquired 4,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 6th. The stock was bought 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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