BHP Billiton plc (LON:BLT) had its price objective increased by research analysts at Jefferies Group from GBX 1,250 ($15.47) to GBX 1,600 ($19.80) in a note issued to investors on Friday. The brokerage currently has a “buy” rating on the mining company’s stock. Jefferies Group’s price target indicates a potential upside of 35.14% from the company’s previous close.

Several other equities research analysts also recently issued reports on the company. Citigroup Inc. downgraded BHP Billiton plc to a “sell” rating in a report on Thursday. Goldman Sachs Group Inc. reiterated a “neutral” rating and set a GBX 800 ($9.90) price target on shares of BHP Billiton plc in a report on Tuesday, July 12th. Deutsche Bank AG reiterated a “hold” rating on shares of BHP Billiton plc in a report on Monday, July 11th. BNP Paribas reiterated a “neutral” rating and set a GBX 885 ($10.95) price target on shares of BHP Billiton plc in a report on Monday, June 27th. Finally, Morgan Stanley set a GBX 1,080 ($13.37) price objective on BHP Billiton plc and gave the company a “buy” rating in a research note on Wednesday, June 29th. Four equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 990.19 ($12.25).

Analyst Recommendations for BHP Billiton plc (LON:BLT)

BHP Billiton plc (LON:BLT) opened at 1211.00 on Friday. BHP Billiton plc has a 12 month low of GBX 571.60 and a 12 month high of GBX 1,279.50. The company has a 50 day moving average price of GBX 1,082.96 and a 200-day moving average price of GBX 945.38. The company’s market cap is GBX 64.45 billion.

In other news, insider Frew,Anita bought 4,500 shares of the stock in a transaction dated Tuesday, September 6th. The stock was bought at an average price of GBX 998 ($12.35) per share, for a total transaction of £44,910 ($55,581.68).

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.

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.