BHP Billiton plc (BLT) PT Raised to GBX 1,350
BHP Billiton plc (LON:BLT) had its target price hoisted by equities researchers at Deutsche Bank AG from GBX 1,260 ($15.74) to GBX 1,350 ($16.87) in a report released on Wednesday. The brokerage presently has a “hold” rating on the mining company’s stock. Deutsche Bank AG’s price objective would indicate a potential upside of 5.55% from the stock’s current price.
A number of other research analysts also recently issued reports on BLT. Citigroup Inc. reiterated a “neutral” rating and issued a GBX 1,100 ($13.74) price target on shares of BHP Billiton plc in a report on Wednesday, August 24th. RBC Capital Markets set a GBX 1,100 ($13.74) price target on BHP Billiton plc and gave the company a “neutral” rating in a report on Thursday, September 8th. Jefferies Group lifted their price target on BHP Billiton plc from GBX 900 ($11.24) to GBX 1,100 ($13.74) and gave the company a “hold” rating in a report on Thursday, August 18th. HSBC began coverage on BHP Billiton plc in a report on Thursday, November 10th. They issued a “hold” rating and a GBX 1,200 ($14.99) price target on the stock. Finally, S&P Global Inc. set a GBX 1,050 ($13.12) price target on BHP Billiton plc and gave the company a “sell” rating in a report on Wednesday, October 19th. Four research analysts have rated the stock with a sell rating, eighteen have given a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 1,074.44 ($13.42).
Shares of BHP Billiton plc (LON:BLT) opened at 1279.00 on Wednesday. The stock’s market cap is GBX 68.07 billion. The firm has a 50-day moving average price of GBX 1,229.01 and a 200-day moving average price of GBX 1,012.34. BHP Billiton plc has a 12 month low of GBX 571.60 and a 12 month high of GBX 1,396.00.
In other news, insider Frew,Anita purchased 4,500 shares of the firm’s stock in a transaction on Tuesday, September 6th. The shares were 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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