RBC Capital Reiterates “Outperform” Rating for BHP Billiton (BLT)
BHP Billiton (LON:BLT)‘s stock had its “outperform” rating restated by equities research analysts at RBC Capital in a research note issued to investors on Tuesday, AnalystRatings.Net reports. They currently have a GBX 2,100 ($34.45) price objective on the stock. RBC Capital’s target price points to a potential upside of 14.85% from the company’s current price.
BHP Billiton (LON:BLT) traded up 1.87% on Tuesday, hitting GBX 1849.00. 10,123,024 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 1821. and its 200-day moving average is GBX 1867.. The company’s market cap is £98.414 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of BHP Billiton in a research note on Monday. They now have a GBX 2,400 ($39.38) price target on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of BHP Billiton in a research note on Friday. They now have a GBX 2,300 ($37.74) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of BHP Billiton in a research note on Thursday, February 6th. They now have a GBX 2,250 ($36.92) price target on the stock. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seventeen have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of GBX 2,058.20 ($33.77).
BHP Billiton plc is diversified natural resources company. The Company generally operates through customer sector groups (LON:BLT).
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