RBC Capital Reiterates Outperform Rating for BHP Billiton plc (BLT)
BHP Billiton plc (LON:BLT)‘s stock had its “outperform” rating reaffirmed by analysts at RBC Capital in a research report issued to clients and investors on Thursday. They currently have a GBX 2,100 ($35.21) price objective on the stock. RBC Capital’s price objective indicates a potential upside of 11.52% from the stock’s previous close.
Shares of BHP Billiton plc (LON:BLT) traded down 0.37% during mid-day trading on Thursday, hitting GBX 1876.00. 6,671,516 shares of the company’s stock traded hands. BHP Billiton plc has a one year low of GBX 1644.00 and a one year high of GBX 2017.4999. The stock’s 50-day moving average is GBX 1922. and its 200-day moving average is GBX 1868.. The company’s market cap is £99.822 billion.
A number of other analysts have also recently weighed in on BLT. Analysts at Jefferies Group reiterated a “buy” rating on shares of BHP Billiton plc in a research note on Tuesday. They now have a GBX 2,200 ($36.88) price target on the stock. Separately, analysts at Goldman Sachs cut their price target on shares of BHP Billiton plc from GBX 1,850 ($31.01) to GBX 1,820 ($30.51) in a research note on Tuesday. They now have a “neutral” rating on the stock. Finally, analysts at Canaccord Genuity reiterated a “hold” rating on shares of BHP Billiton plc in a research note on Monday. They now have a GBX 2,100 ($35.21) price target on the stock. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 2,043.79 ($34.26).
BHP Billiton plc is diversified natural resources company. The Company generally operates through customer sector groups (LON:BLT).
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