BHP Billiton plc Price Target Raised to GBX 2,600 at Nomura (BLT)
Stock analysts at Nomura raised their price target on shares of BHP Billiton plc (LON:BLT) from GBX 2,500 ($41.94) to GBX 2,600 ($43.62) in a report issued on Tuesday. The firm currently has a “buy” rating on the stock. Nomura’s target price suggests a potential upside of 27.20% from the company’s current price.
Shares of BHP Billiton plc (LON:BLT) traded down 0.46% on Tuesday, hitting GBX 2034.4999. 3,365,668 shares of the company’s stock traded hands. BHP Billiton plc has a 52-week low of GBX 1715.00 and a 52-week high of GBX 2102.00. The stock’s 50-day moving average is GBX 1999. and its 200-day moving average is GBX 1914.. The company’s market cap is £108.3 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital reiterated a “sector perform” rating on shares of BHP Billiton plc in a research note on Friday. They now have a GBX 2,000 ($33.55) 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 Thursday, August 7th. They now have a GBX 2,450 ($41.10) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of BHP Billiton plc in a research note on Monday, August 4th. They now have a GBX 2,450 ($41.10) price target on the stock. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of GBX 2,133.47 ($35.79).
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.