Deutsche Bank Reaffirms “Buy” Rating for BHP Billiton (BLT)
Deutsche Bank reiterated their buy rating on shares of BHP Billiton (LON:BLT) in a research note issued to investors on Wednesday morning, MarketBeat Ratings reports. They currently have a GBX 1,650 ($22.10) price objective on the mining company’s stock.
Other analysts have also issued research reports about the company. UBS set a GBX 1,375 ($18.41) price target on BHP Billiton and gave the company a buy rating in a report on Tuesday, August 22nd. Barclays boosted their price target on BHP Billiton from GBX 1,300 ($17.41) to GBX 1,375 ($18.41) and gave the company an equal weight rating in a report on Tuesday, October 24th. reiterated a hold rating and issued a GBX 1,320 ($17.68) price target on shares of BHP Billiton in a report on Friday, August 18th. Jefferies Group boosted their price target on BHP Billiton from GBX 1,450 ($19.42) to GBX 1,500 ($20.09) and gave the company a hold rating in a report on Thursday, August 31st. Finally, Societe Generale boosted their price target on BHP Billiton from GBX 700 ($9.37) to GBX 1,404 ($18.80) and gave the company a hold rating in a report on Thursday, November 9th. Six equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of GBX 1,362.23 ($18.24).
BHP Billiton (BLT) opened at GBX 1,347 ($18.04) on Wednesday. BHP Billiton has a 12-month low of GBX 1,103 ($14.77) and a 12-month high of GBX 1,518.50 ($20.34).
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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