BHP Billiton plc (BLT) Earns Overweight Rating from Morgan Stanley
BHP Billiton plc (LON:BLT)‘s stock had its “overweight” rating reissued by equities research analysts at Morgan Stanley in a research note issued to investors on Thursday. They presently have a GBX 1,500 ($19.73) price objective on the mining company’s stock. Morgan Stanley’s price target would suggest a potential upside of 6.72% from the company’s current price.
A number of other brokerages have also weighed in on BLT. J P Morgan Chase & Co increased their target price on shares of BHP Billiton plc from GBX 1,190 ($15.65) to GBX 1,235 ($16.24) and gave the stock an “underweight” rating in a research report on Tuesday, September 5th. Royal Bank Of Canada lowered shares of BHP Billiton plc to an “underperform” rating and cut their target price for the stock from GBX 1,375 ($18.08) to GBX 1,325 ($17.43) in a research report on Thursday, August 31st. Jefferies Group LLC increased their target price on shares of BHP Billiton plc from GBX 1,450 ($19.07) to GBX 1,500 ($19.73) and gave the stock a “hold” rating in a research report on Thursday, August 31st. Societe Generale increased their target price on shares of BHP Billiton plc from GBX 700 ($9.21) to GBX 1,404 ($18.47) and gave the stock a “hold” rating in a research report on Thursday, November 9th. Finally, Macquarie reiterated an “outperform” rating and set a GBX 1,570 ($20.65) target price on shares of BHP Billiton plc in a research report on Tuesday, August 29th. Six analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the company’s stock. BHP Billiton plc has an average rating of “Hold” and an average target price of GBX 1,362.23 ($17.92).
BHP Billiton plc (LON:BLT) opened at GBX 1,405.50 ($18.49) on Thursday. BHP Billiton plc has a 1 year low of GBX 13.49 ($0.18) and a 1 year high of GBX 1,518.50 ($19.97).
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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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