BHP Billiton Given “Buy” Rating at UBS AG (BLT)
BHP Billiton (LON:BLT)‘s stock had its “buy” rating restated by equities researchers at UBS AG in a research report issued on Monday, American Banking & Market News reports. They currently have a GBX 2,020 ($32.66) target price on the stock. UBS AG’s price objective would indicate a potential upside of 8.51% from the stock’s previous close.
Shares of BHP Billiton (LON:BLT) opened at 1874.5001 on Monday. 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 1863. and a 200-day moving average of GBX 1856.. The company’s market cap is £99.771 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity cut their price target on shares of BHP Billiton from GBX 2,050 ($33.15) to GBX 2,025 ($32.75) in a research note to investors on Friday. They now have a “hold” rating on the stock. Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of BHP Billiton from GBX 2,345 ($37.92) to GBX 2,300 ($37.19) in a research note to investors on Friday. They now have a “neutral” rating on the stock. Finally, analysts at AlphaValue reiterated a “reduce” rating on shares of BHP Billiton in a research note to investors on Thursday. They now have a GBX 1,788 ($28.91) price target on the stock. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and seventeen have issued a buy rating to the stock. BHP Billiton presently has an average rating of “Hold” and an average target price of GBX 2,085.97 ($33.73).
BHP Billiton plc is diversified natural resources company. The Company generally operates through customer sector groups (LON:BLT).
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