BHP Billiton plc’s Buy Rating Reaffirmed at Jefferies Group (BLT)
BHP Billiton plc (LON:BLT)‘s stock had its “buy” rating restated by equities researchers at Jefferies Group in a research report issued on Thursday. They currently have a GBX 2,450 ($41.22) price objective on the stock. Jefferies Group’s price target would suggest a potential upside of 22.93% from the stock’s previous close.
BHP Billiton plc (LON:BLT) traded down 2.06% during mid-day trading on Thursday, hitting GBX 1993.00. The stock had a trading volume of 7,335,015 shares. BHP Billiton plc has a 1-year low of GBX 1715.00 and a 1-year high of GBX 2102.00. The stock’s 50-day moving average is GBX 1988. and its 200-day moving average is GBX 1910.. The company’s market cap is £106.0 billion.
A number of other firms have also recently commented on BLT. Analysts at Deutsche Bank reiterated a “buy” rating on shares of BHP Billiton plc in a research note on Monday. They now have a GBX 2,450 ($41.22) price target on the stock. Separately, analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of BHP Billiton plc in a research note on Thursday, July 31st. They now have a GBX 2,000 ($33.65) price target on the stock. Finally, analysts at Canaccord Genuity reiterated a “hold” rating on shares of BHP Billiton plc in a research note on Wednesday, July 30th. They now have a GBX 1,935 ($32.56) price target on the stock. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have issued a buy rating to the stock. BHP Billiton plc currently has a consensus rating of “Hold” and a consensus target price of GBX 2,110.14 ($35.51).
BHP Billiton plc is diversified natural resources company. The Company generally operates through customer sector groups (LON:BLT).
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