BHP Billiton PT Raised to GBX 1,950 at Goldman Sachs Group Inc. (BLT)
Equities researchers at Goldman Sachs Group Inc. increased their target price on shares of BHP Billiton (LON:BLT) from GBX 1,900 ($30.74) to GBX 1,950 ($31.55) in a research report issued on Wednesday, ARN reports. The firm currently has a “neutral” rating on the stock. Goldman Sachs Group Inc.’s target price suggests a potential upside of 0.05% from the company’s current price.
BHP Billiton (LON:BLT) opened at 1966.5001 on Wednesday. BHP Billiton has a 1-year low of GBX 1644.00 and a 1-year high of GBX 2251.50. The stock’s 50-day moving average is GBX 1863. and its 200-day moving average is GBX 1856.. The company’s market cap is £104.7 billion.
A number of other analysts have also recently weighed in on BLT. Analysts at Liberum Capital reiterated a “buy” rating on shares of BHP Billiton in a research note to investors on Wednesday. They now have a GBX 2,350 ($38.02) price target on the stock. Separately, analysts at Nomura reiterated a “buy” rating on shares of BHP Billiton in a research note to investors on Wednesday. They now have a GBX 2,200 ($35.59) price target on the stock. Finally, analysts at HSBC reiterated an “overweight” rating on shares of BHP Billiton in a research note to investors on Monday. They now have a GBX 2,140 ($34.62) price target on the stock. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and sixteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of GBX 2,092.56 ($33.85).
BHP Billiton plc is diversified natural resources company. The Company generally operates through customer sector groups (LON:BLT).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.