Citigroup Inc. Increases BHP Billiton Price Target to GBX 2,070 (BLT)
Investment analysts at Citigroup Inc. increased their price target on shares of BHP Billiton (LON:BLT) from GBX 2,000 ($32.04) to GBX 2,070 ($33.16) in a note issued to investors on Monday, AR Network reports. The firm currently has a “neutral” rating on the stock. Citigroup Inc.’s price target indicates a potential upside of 10.37% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Nomura cut their price target on shares of BHP Billiton (LON:BLT) from GBX 2,400 ($38.44) to GBX 2,200 ($35.24) in a research note to investors on Thursday. They now have a “buy” rating on the stock. Separately, analysts at Liberum Capital reiterated a “buy” rating on shares of BHP Billiton (LON:BLT) in a research note to investors on Wednesday, September 18th. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of BHP Billiton (LON:BLT) from GBX 2,280 ($36.52) to GBX 2,345 ($37.56) in a research note to investors on Tuesday, September 17th. They now have a “neutral” rating on the stock.
Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and sixteen have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of GBX 2,054.37 ($32.91).
Shares of BHP Billiton (LON:BLT) remained flat at GBX 1875.4999 during during mid-day trading trading on Monday. The stock had a trading volume of 2,511,232 shares. BHP Billiton has a 1-year low of GBX 1644.00 and a 1-year high of GBX 2251.50. The stock has a 50-day moving average of GBX 1915. and a 200-day moving average of GBX 1883.. The company’s market cap is £99.833 billion.
BHP Billiton plc is diversified natural resources company. The Company generally operates through customer sector groups (LON:BLT).
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