BHP Billiton plc (BLT) PT Set at GBX 1,375 by UBS AG
UBS AG set a GBX 1,375 ($17.85) target price on BHP Billiton plc (LON:BLT) in a research note issued to investors on Tuesday, www.boersen-zeitung.de reports. The firm currently has a buy rating on the mining company’s stock.
A number of other research firms also recently commented on BLT. Investec restated a buy rating and set a GBX 1,480 ($19.21) price objective on shares of BHP Billiton plc in a research note on Wednesday, May 17th. Macquarie restated an outperform rating on shares of BHP Billiton plc in a research note on Thursday, July 6th. J P Morgan Chase & Co restated an underweight rating and set a GBX 1,155 ($14.99) price objective on shares of BHP Billiton plc in a research note on Tuesday, June 27th. Jefferies Group LLC downgraded shares of BHP Billiton plc to a hold rating and reduced their price objective for the stock from GBX 1,500 ($19.47) to GBX 1,250 ($16.23) in a research note on Thursday, June 8th. Finally, Credit Suisse Group restated a neutral rating and set a GBX 1,380 ($17.92) price objective on shares of BHP Billiton plc in a research note on Thursday, April 27th. Five equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of GBX 1,315.23 ($17.07).
BHP Billiton plc (LON BLT) opened at 1437.00 on Tuesday. The stock’s market capitalization is GBX 76.51 billion. BHP Billiton plc has a 52-week low of GBX 957.10 and a 52-week high of GBX 1,518.50. The company’s 50-day moving average price is GBX 1,345.81 and its 200 day moving average price is GBX 1,268.63.
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The firm also recently declared a dividend, which will be paid on Tuesday, September 26th. Stockholders of record on Thursday, September 7th will be issued a dividend of $0.43 per share. This represents a dividend yield of 2.37%. The ex-dividend date is Thursday, September 7th. This is a positive change from BHP Billiton plc’s previous dividend of $0.40.
About BHP Billiton plc
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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