BHP Billiton plc (BLT) PT Set at GBX 1,300 by Credit Suisse Group AG
BHP Billiton plc (LON:BLT) has been assigned a GBX 1,300 ($16.09) price objective by Credit Suisse Group AG in a report issued on Friday. The brokerage presently has a a “buy” rating on the mining company’s stock. Credit Suisse Group AG’s price objective would indicate a potential upside of 9.80% from the stock’s current price.
A number of other research firms also recently issued reports on BLT. BNP Paribas reissued a “neutral” rating and issued a GBX 1,060 ($13.12) price objective on shares of BHP Billiton plc in a report on Tuesday, August 23rd. Canaccord Genuity restated a “hold” rating and set a GBX 850 ($10.52) target price on shares of BHP Billiton plc in a research note on Wednesday, July 20th. Deutsche Bank AG raised their target price on shares of BHP Billiton plc from GBX 1,230 ($15.22) to GBX 1,290 ($15.97) and gave the stock a “hold” rating in a research note on Wednesday, October 5th. Macquarie restated a “neutral” rating and set a GBX 1,070 ($13.24) target price on shares of BHP Billiton plc in a research note on Monday, September 5th. Finally, S&P Global Inc. set a GBX 900 ($11.14) target price on shares of BHP Billiton plc and gave the stock a “sell” rating in a research note on Tuesday, August 16th. Four analysts have rated the stock with a sell rating, seventeen have given a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 995.74 ($12.32).
Shares of BHP Billiton plc (LON:BLT) opened at 1202.00 on Friday. The company’s market cap is GBX 63.98 billion. The firm has a 50-day moving average of GBX 1,082.96 and a 200 day moving average of GBX 945.38. BHP Billiton plc has a 12 month low of GBX 571.60 and a 12 month high of GBX 1,279.50.
In related news, insider Frew,Anita acquired 4,500 shares of the business’s stock in a transaction dated Tuesday, September 6th. The shares were purchased 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.
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