Deutsche Bank Increases BHP Billiton Price Target to GBX 2,500 (BLT)
Investment analysts at Deutsche Bank hoisted their price objective on shares of BHP Billiton (LON:BLT) from GBX 2,290 ($36.68) to GBX 2,500 ($40.04) in a note issued to investors on Thursday, AnalystRatingsNetwork reports. The firm currently has a “buy” rating on the stock. Deutsche Bank’s target price would indicate a potential upside of 32.77% from the stock’s previous close.
BHP Billiton (LON:BLT) traded up 0.97% during mid-day trading on Thursday, hitting GBX 1883.00. 3,153,262 shares of the company’s stock traded hands. 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 £100.2 billion.
A number of other firms have also recently commented on BLT. Analysts at AlphaValue upgraded shares of BHP Billiton (LON:BLT) to an “add” rating in a research note to investors on Wednesday. They now have a GBX 2,020.90 ($32.37) price target on the stock, up previously from GBX 2,016.10 ($32.29). Separately, 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. Finally, 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. Two analysts have rated the stock with a sell rating, ten have given a hold rating and seventeen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of GBX 2,070.08 ($33.16).
BHP Billiton plc is diversified natural resources company. The Company generally operates through customer sector groups (LON:BLT).
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