BHP Billiton plc (BLT) Given a GBX 1,300 Price Target by Credit Suisse Group AG Analysts
BHP Billiton plc (LON:BLT) received a GBX 1,300 ($16.09) price objective from analysts at Credit Suisse Group AG in a research report issued to clients and investors on Friday. The firm presently has a a “buy” rating on the mining company’s stock. Credit Suisse Group AG’s target price points to a potential upside of 9.80% from the company’s current price.
A number of other equities analysts have also recently commented on BLT. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a GBX 800 ($9.90) price objective on shares of BHP Billiton plc in a research report on Tuesday, June 21st. Sanford C. Bernstein set a GBX 790 ($9.78) price objective on shares of BHP Billiton plc and gave the stock a “neutral” rating in a research report on Tuesday, June 21st. Deutsche Bank AG reaffirmed a “hold” rating and set a GBX 880 ($10.89) price objective on shares of BHP Billiton plc in a research report on Wednesday, June 22nd. Barclays PLC lifted their price objective on shares of BHP Billiton plc from GBX 875 ($10.83) to GBX 925 ($11.45) and gave the stock an “equal weight” rating in a research report on Wednesday, June 22nd. Finally, Royal Bank Of Canada reaffirmed a “sector performer” rating and set a GBX 900 ($11.14) price objective on shares of BHP Billiton plc in a research report on Wednesday, June 22nd. Four investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and six have issued a buy rating to the company’s stock. BHP Billiton plc currently has an average rating of “Hold” and a consensus price target of GBX 995.74 ($12.32).
Shares of BHP Billiton plc (LON:BLT) opened at 1211.00 on Friday. The company’s 50 day moving average is GBX 1,082.96 and its 200 day moving average is GBX 945.38. BHP Billiton plc has a 12-month low of GBX 571.60 and a 12-month high of GBX 1,279.50. The company’s market capitalization is GBX 64.45 billion.
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In other BHP Billiton plc news, insider Frew,Anita purchased 4,500 shares of the business’s stock in a transaction on Tuesday, September 6th. The shares were purchased at an average cost of GBX 998 ($12.35) per share, for a total transaction of £44,910 ($55,581.68).
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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