BHP Billiton plc (BLT) Receives GBX 1,446.61 Average Target Price from Brokerages
Shares of BHP Billiton plc (LON:BLT) have been assigned a consensus recommendation of “Hold” from the nineteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 1,444.65 ($19.96).
A number of brokerages recently issued reports on BLT. Deutsche Bank boosted their price objective on BHP Billiton from GBX 1,650 ($22.80) to GBX 1,900 ($26.25) and gave the company a “buy” rating in a research note on Monday, January 15th. JPMorgan Chase & Co. upped their price target on BHP Billiton from GBX 1,400 ($19.34) to GBX 1,405 ($19.41) and gave the company a “neutral” rating in a research report on Thursday, January 11th. Credit Suisse Group reiterated a “neutral” rating and set a GBX 1,430 ($19.76) price target on shares of BHP Billiton in a research report on Thursday, February 15th. Morgan Stanley reiterated an “overweight” rating and set a GBX 1,610 ($22.24) price target on shares of BHP Billiton in a research report on Thursday, January 18th. Finally, Barclays upped their price target on BHP Billiton from GBX 1,480 ($20.45) to GBX 1,650 ($22.80) and gave the company an “equal weight” rating in a research report on Monday, January 8th.
Shares of BHP Billiton (BLT) traded up GBX 32 ($0.44) during trading on Tuesday, reaching GBX 1,435.80 ($19.84). The company had a trading volume of 10,280,045 shares, compared to its average volume of 9,300,000. BHP Billiton has a fifty-two week low of GBX 1,103 ($15.24) and a fifty-two week high of GBX 1,662.40 ($22.97). The company has a market cap of $81,620.00 and a PE ratio of 1,613.26.
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About BHP Billiton
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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