BHP Billiton Upgraded to Add by AlphaValue (BLT)
BHP Billiton (LON:BLT) was upgraded by research analysts at AlphaValue to an “add” rating in a report released on Wednesday, American Banking & Market News reports. The firm currently has a GBX 2,020.90 ($32.37) price target on the stock, up from their previous price target of GBX 2,016.10 ($32.29). AlphaValue’s price target points to a potential upside of 8.65% from the stock’s previous close.
Shares of BHP Billiton (LON:BLT) opened at 1869.00 on Wednesday. BHP Billiton has a 52-week low of GBX 1644.00 and a 52-week high of GBX 2251.50. The stock’s 50-day moving average is GBX 1915. and its 200-day moving average is GBX 1883.. The company’s market cap is £99.487 billion.
A number of other analysts have also recently weighed in on BLT. Analysts at RBC Capital reiterated an “outperform” rating on shares of BHP Billiton (LON:BLT) in a research note to investors on Tuesday. They now have a GBX 2,200 ($35.24) price target on the stock. Separately, analysts at Citigroup Inc. raised their price target on shares of BHP Billiton (LON:BLT) from GBX 2,000 ($32.04) to GBX 2,070 ($33.16) in a research note to investors on Monday. They now have a “neutral” rating on the stock. Finally, 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, September 19th. They now have a “buy” rating on the stock.
Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seventeen have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of GBX 2,060.44 ($33.00).
BHP Billiton plc is diversified natural resources company. The Company generally operates through customer sector groups (LON:BLT).
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