HSBC Begins Coverage on BHP Billiton plc (BLT)
HSBC assumed coverage on shares of BHP Billiton plc (LON:BLT) in a report published on Thursday morning. The firm issued a hold rating and a GBX 1,200 ($14.99) target price on the mining company’s stock.
BLT has been the topic of a number of other reports. BNP Paribas reaffirmed a neutral rating and set a GBX 1,060 ($13.24) price target on shares of BHP Billiton plc in a report on Tuesday, August 23rd. Canaccord Genuity reaffirmed a hold rating and set a GBX 850 ($10.62) price target on shares of BHP Billiton plc in a report on Wednesday, July 20th. Credit Suisse Group AG upped their price target on BHP Billiton plc from GBX 1,050 ($13.12) to GBX 1,150 ($14.37) and gave the company an outperform rating in a report on Monday, September 19th. Deutsche Bank AG upped their price target on BHP Billiton plc from GBX 1,230 ($15.37) to GBX 1,290 ($16.12) and gave the company a hold rating in a report on Wednesday, October 5th. Finally, Macquarie reissued a neutral rating and issued a GBX 1,070 ($13.37) target price on shares of BHP Billiton plc in a report on Monday, September 5th. Four equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of GBX 1,048.89 ($13.10).
Shares of BHP Billiton plc (LON:BLT) opened at 1277.50 on Thursday. The stock’s 50 day moving average price is GBX 1,217.72 and its 200-day moving average price is GBX 1,006.41. The company’s market cap is GBX 67.99 billion. BHP Billiton plc has a 12 month low of GBX 571.60 and a 12 month high of GBX 1,396.00.
In other BHP Billiton plc news, insider Frew,Anita acquired 4,500 shares of the stock in a transaction that occurred on Tuesday, September 6th. The stock was bought at an average cost of GBX 998 ($12.47) per share, for a total transaction of £44,910 ($56,109.45).
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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