Morgan Stanley Raises BHP Billiton plc (BLT) Price Target to GBX 1,410
BHP Billiton plc (LON:BLT) had its price target raised by investment analysts at Morgan Stanley from GBX 1,050 ($13.63) to GBX 1,410 ($18.30) in a research note issued on Tuesday. The firm presently has an “overweight” rating on the mining company’s stock. Morgan Stanley’s price target suggests a potential downside of 1.88% from the company’s previous close.
Several other brokerages also recently weighed in on BLT. Investec reiterated a “buy” rating and issued a GBX 1,480 ($19.21) price objective on shares of BHP Billiton plc in a research report on Wednesday, May 17th. Macquarie reiterated an “outperform” rating on shares of BHP Billiton plc in a research report on Thursday, July 6th. J P Morgan Chase & Co reiterated an “underweight” rating and issued a GBX 1,155 ($14.99) price objective on shares of BHP Billiton plc in a research report on Tuesday, June 27th. Jefferies Group LLC downgraded BHP Billiton plc to a “hold” rating and lowered their price objective for the company from GBX 1,500 ($19.47) to GBX 1,250 ($16.23) in a research report on Thursday, June 8th. Finally, UBS AG set a GBX 1,375 ($17.85) price objective on BHP Billiton plc and gave the company a “buy” rating in a research report on Thursday, July 6th. Five analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. BHP Billiton plc presently has a consensus rating of “Hold” and a consensus target price of GBX 1,315.23 ($17.07).
BHP Billiton plc (LON BLT) traded up 1.41% during mid-day trading on Tuesday, hitting GBX 1437.00. The stock had a trading volume of 10,343,213 shares. The company has a 50 day moving average price of GBX 1,343.12 and a 200 day moving average price of GBX 1,269.44. BHP Billiton plc has a one year low of GBX 957.10 and a one year high of GBX 1,518.50. The stock’s market cap is GBX 76.51 billion.
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BHP Billiton plc Company Profile
BHP Billiton Plc is a global resources company. The Company is a producer of various commodities, including iron ore, metallurgical coal, copper and uranium. Its segments include Petroleum, Copper, Iron Ore and Coal. The Petroleum segment is engaged in the exploration, development and production of oil and gas.
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