Citigroup Upgrades BHP Billiton (BLT) to “Buy”
BHP Billiton (LON:BLT) was upgraded by investment analysts at Citigroup to a “buy” rating in a report released on Tuesday.
A number of other research firms have also recently issued reports on BLT. J P Morgan Chase & Co raised their price objective on BHP Billiton from GBX 1,190 ($16.02) to GBX 1,235 ($16.62) and gave the company an “underweight” rating in a research report on Tuesday, September 5th. Jefferies Group raised their price objective on BHP Billiton from GBX 1,450 ($19.52) to GBX 1,500 ($20.19) and gave the company a “hold” rating in a research report on Thursday, August 31st. Royal Bank Of Canada cut BHP Billiton to an “underperform” rating and dropped their price target for the stock from GBX 1,375 ($18.51) to GBX 1,325 ($17.83) in a report on Thursday, August 31st. Societe Generale raised their price objective on BHP Billiton from GBX 700 ($9.42) to GBX 1,404 ($18.90) and gave the stock a “hold” rating in a research note on Thursday, November 9th. Finally, Macquarie restated an “outperform” rating and set a GBX 1,570 ($21.13) price objective on shares of BHP Billiton in a research note on Tuesday, August 29th. Six investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of GBX 1,367 ($18.40).
BHP Billiton (LON BLT) opened at GBX 1,322.50 ($17.80) on Tuesday. BHP Billiton has a 1-year low of GBX 1,103 ($14.85) and a 1-year high of GBX 1,518.50 ($20.44).
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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