BHP Billiton plc (BLT) Price Target Increased to GBX 1,600 by Analysts at Jefferies Group
BHP Billiton plc (LON:BLT) had its price target increased by equities researchers at Jefferies Group from GBX 1,250 ($15.47) to GBX 1,600 ($19.80) in a research report issued on Friday. The firm presently has a “buy” rating on the mining company’s stock. Jefferies Group’s price target points to a potential upside of 35.14% from the company’s current price.
A number of other analysts also recently weighed in on the stock. Citigroup Inc. downgraded shares of BHP Billiton plc to a “sell” rating in a report on Thursday. Goldman Sachs Group Inc. reiterated a “neutral” rating and set a GBX 800 ($9.90) price objective on shares of BHP Billiton plc in a research report on Tuesday, July 12th. Deutsche Bank AG reiterated a “hold” rating on shares of BHP Billiton plc in a research report on Monday, July 11th. BNP Paribas reiterated a “neutral” rating and set a GBX 885 ($10.95) price objective on shares of BHP Billiton plc in a research report on Monday, June 27th. Finally, Morgan Stanley set a GBX 1,080 ($13.37) price objective on shares of BHP Billiton plc and gave the stock a “buy” rating in a research report on Wednesday, June 29th. 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 stock. BHP Billiton plc presently has an average rating of “Hold” and an average price target of GBX 990.19 ($12.25).
BHP Billiton plc (LON:BLT) opened at 1211.80 on Friday. The stock’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 64.50 billion.
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In related news, insider Frew,Anita bought 4,500 shares of the company’s stock in a transaction on Tuesday, September 6th. The stock was acquired 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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