Deutsche Bank Reiterates Buy Rating for BHP Billiton plc (BLT)
BHP Billiton plc (LON:BLT)‘s stock had its “buy” rating restated by equities research analysts at Deutsche Bank in a research note issued to investors on Friday. They currently have a GBX 2,500 ($42.03) price objective on the stock. Deutsche Bank’s target price would indicate a potential upside of 35.14% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of BHP Billiton plc in a research note on Friday, June 6th. They now have a GBX 2,000 ($33.62) price target on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of BHP Billiton plc in a research note on Tuesday, June 3rd. They now have a GBX 2,200 ($36.99) price target on the stock. Finally, analysts at Goldman Sachs cut their price target on shares of BHP Billiton plc from GBX 1,850 ($31.10) to GBX 1,820 ($30.60) in a research note on Tuesday, June 3rd. They now have a “neutral” rating on the stock. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 2,048.14 ($34.43).
Shares of BHP Billiton plc (LON:BLT) traded down 0.96% during mid-day trading on Friday, hitting GBX 1850.00. 6,307,714 shares of the company’s stock traded hands. BHP Billiton plc has a 1-year low of GBX 1644.00 and a 1-year high of GBX 2017.4999. The stock has a 50-day moving average of GBX 1917. and a 200-day moving average of GBX 1867.. The company’s market cap is £98.439 billion.
BHP Billiton plc is diversified natural resources company. The Company generally operates through customer sector groups (LON:BLT).
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