Credit Suisse Reiterates “Neutral” Rating for BHP Billiton (BLT)
BHP Billiton (LON:BLT)‘s stock had its “neutral” rating reiterated by stock analysts at Credit Suisse in a report issued on Wednesday, StockRatingsNetwork reports. They currently have a GBX 2,250 ($36.90) price target on the stock. Credit Suisse’s target price indicates a potential upside of 23.05% from the stock’s previous close.
A number of other analysts have also recently weighed in on BLT. Analysts at JPMorgan Chase & Co. cut their price target on shares of BHP Billiton from GBX 2,300 ($37.72) to GBX 2,150 ($35.26) in a research note to investors on Wednesday. They now have a “neutral” rating on the stock. Separately, 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 ($34.94) price target on the stock. Finally, analysts at RBC Capital reiterated an “outperform” rating on shares of BHP Billiton in a research note to investors on Wednesday, December 18th. They now have a GBX 2,100 ($34.44) price target on the stock. Three analysts have rated the stock with a sell rating, nine have given a hold rating and seventeen have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of GBX 2,058.27 ($33.76).
BHP Billiton (LON:BLT) opened at 1828.50 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 1840. and its 200-day moving average is GBX 1859.. The company’s market cap is £97.322 billion.
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.