Deutsche Bank AG Boosts BHP Billiton plc (BLT) Price Target to GBX 1,290
BHP Billiton plc (LON:BLT) had its price objective increased by stock analysts at Deutsche Bank AG from GBX 1,230 ($16.06) to GBX 1,290 ($16.84) in a research report issued to clients and investors on Wednesday. The brokerage currently has a “hold” rating on the mining company’s stock. Deutsche Bank AG’s price objective points to a potential upside of 4.67% from the stock’s previous close.
Other equities analysts have also recently issued reports about the stock. Jefferies Group upped their price objective on shares of BHP Billiton plc from GBX 800 ($10.44) to GBX 900 ($11.75) and gave the company a “hold” rating in a research report on Thursday, July 7th. Morgan Stanley set a GBX 1,080 ($14.10) price objective on shares of BHP Billiton plc and gave the company a “buy” rating in a research report on Wednesday, June 29th. BNP Paribas reissued a “neutral” rating and issued a GBX 850 ($11.10) price objective on shares of BHP Billiton plc in a research report on Monday, June 13th. Haitong Bank cut shares of BHP Billiton plc to a “neutral” rating and reduced their price target for the stock from GBX 1,002 ($13.08) to GBX 960 ($12.53) in a research report on Monday, September 19th. Finally, Goldman Sachs Group Inc. reaffirmed a “neutral” rating and set a GBX 800 ($10.44) price target on shares of BHP Billiton plc in a research report on Tuesday, July 12th. Four research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of GBX 973.89 ($12.71).
Shares of BHP Billiton plc (LON:BLT) traded up 2.54% during trading on Wednesday, reaching GBX 1232.50. The company had a trading volume of 8,947,122 shares. BHP Billiton plc has a 52-week low of GBX 571.60 and a 52-week high of GBX 1,255.00. The stock’s market capitalization is GBX 65.60 billion. The stock has a 50 day moving average of GBX 1,063.91 and a 200 day moving average of GBX 932.42.
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In related news, insider Frew,Anita bought 4,500 shares of the business’s stock in a transaction on Tuesday, September 6th. The stock was bought at an average price of GBX 998 ($13.03) per share, for a total transaction 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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