BHP Billiton plc (LON:BLT) had its price target raised by research analysts at Jefferies Group from GBX 1,600 ($19.82) to GBX 1,700 ($21.06) in a report released on Thursday. The brokerage presently has a “buy” rating on the mining company’s stock. Jefferies Group’s price objective indicates a potential upside of 31.77% from the company’s previous close.

A number of other research firms have also issued reports on BLT. Citigroup Inc. lowered BHP Billiton plc to a “sell” rating in a research note on Thursday, October 13th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a GBX 1,090 ($13.50) target price on shares of BHP Billiton plc in a research note on Wednesday, October 19th. Macquarie reaffirmed an “outperform” rating and issued a GBX 1,280 ($15.86) target price on shares of BHP Billiton plc in a research note on Monday, October 17th. Barclays PLC reaffirmed an “equal weight” rating on shares of BHP Billiton plc in a research note on Thursday. Finally, Credit Suisse Group AG reaffirmed an “outperform” rating and issued a GBX 1,150 ($14.25) target price on shares of BHP Billiton plc in a research note on Tuesday, August 9th. Four research analysts have rated the stock with a sell rating, eighteen have given a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of GBX 1,046.67 ($12.97).

Analyst Recommendations for BHP Billiton plc (LON:BLT)

BHP Billiton plc (LON:BLT) opened at 1338.00 on Thursday. The stock’s 50 day moving average price is GBX 1,207.95 and its 200 day moving average price is GBX 1,002.51. BHP Billiton plc has a 52-week low of GBX 571.60 and a 52-week high of GBX 1,396.00. The stock’s market capitalization is GBX 71.21 billion.

In related news, insider Frew,Anita purchased 4,500 shares of BHP Billiton plc stock in a transaction dated Tuesday, September 6th. The shares were acquired at an average price of GBX 998 ($12.36) per share, with a total value of £44,910 ($55,629.88).

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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