RBC Capital Reiterates Outperform Rating for BHP Billiton (BLT)
BHP Billiton (LON:BLT)‘s stock had its “outperform” rating reaffirmed by stock analysts at RBC Capital in a report issued on Thursday, StockRatingsNetwork reports. They currently have a GBX 2,200 ($35.30) price target on the stock. RBC Capital’s price objective would suggest a potential upside of 22.80% from the company’s current price.
A number of other analysts have also recently weighed in on BLT. Analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of BHP Billiton in a research note to investors on Tuesday. They now have a GBX 2,130 ($34.17) price target on the stock. Separately, analysts at Goldman Sachs Group Inc. reiterated a “buy” rating on shares of BHP Billiton in a research note to investors on Tuesday. They now have a GBX 2,500 ($40.11) price target on the stock. Finally, analysts at AlphaValue downgraded shares of BHP Billiton to a “reduce” rating in a research note to investors on Tuesday. They now have a GBX 1,732 ($27.79) price target on the stock, down previously from GBX 1,972.70 ($31.65). Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seventeen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of GBX 2,078.93 ($33.35).
BHP Billiton (LON:BLT) traded up 1.13% on Thursday, hitting GBX 1791.5001. The stock had a trading volume of 4,974,806 shares. BHP Billiton has a one year low of GBX 1644.00 and a one 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 £95.353 billion.
BHP Billiton plc is diversified natural resources company. The Company generally operates through customer sector groups (LON:BLT).
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