BHP Billiton plc’s (BLT) Sector Performer Rating Reaffirmed at Royal Bank Of Canada
BHP Billiton plc (LON:BLT)‘s stock had its “sector performer” rating reaffirmed by research analysts at Royal Bank Of Canada in a research report issued to clients and investors on Thursday.
A number of other research analysts have also issued reports on the company. Macquarie reissued an “outperform” rating and issued a GBX 1,280 ($16.71) target price on shares of BHP Billiton plc in a report on Wednesday. Deutsche Bank AG upped their price objective on BHP Billiton plc from GBX 1,230 ($16.06) to GBX 1,290 ($16.84) and gave the stock a “hold” rating in a report on Wednesday. Citigroup Inc. set a GBX 1,100 ($14.36) price objective on BHP Billiton plc and gave the stock a “neutral” rating in a report on Friday, September 30th. Jefferies Group reaffirmed a “buy” rating and set a GBX 1,250 ($16.32) price objective on shares of BHP Billiton plc in a report on Thursday, September 29th. Finally, Investec upped their price objective on BHP Billiton plc from GBX 980 ($12.79) to GBX 1,017 ($13.28) and gave the stock a “hold” rating in a report on Tuesday, September 27th. Four research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and seven have issued a buy rating to the company’s stock. BHP Billiton plc currently has a consensus rating of “Hold” and an average price target of GBX 983.75 ($12.84).
Shares of BHP Billiton plc (LON:BLT) traded up 2.54% during mid-day trading on Thursday, hitting GBX 1232.50. The company’s stock had a trading volume of 8,947,122 shares. The stock has a 50-day moving average of GBX 1,063.91 and a 200-day moving average of GBX 932.42. The company’s market cap is GBX 65.60 billion. BHP Billiton plc has a 12-month low of GBX 571.60 and a 12-month high of GBX 1,255.00.
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In related news, insider Frew,Anita purchased 4,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 6th. The shares were acquired at an average price of GBX 998 ($13.03) per share, with a total value of £44,910 ($58,621.59).
BHP Billiton plc Company Profile
BHP Billiton Plc is engaged in exploration, development, production, processing and marketing of minerals, in respect of iron ore, metallurgical and energy coal, copper, aluminum, manganese, uranium, nickel, silver and potash, and exploration, development, production and marketing of conventional and unconventional oil and gas.
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