BHP Billiton plc (BLT) PT Raised to GBX 1,600
BHP Billiton plc (LON:BLT) had its target price increased by investment analysts at Jefferies Group from GBX 1,250 ($15.47) to GBX 1,600 ($19.80) in a report issued on Friday. The firm currently has a “buy” rating on the mining company’s stock. Jefferies Group’s target price indicates a potential upside of 35.14% from the company’s previous close.
Other equities research analysts also recently issued reports about the company. JPMorgan Chase & Co. increased their price target on BHP Billiton plc from GBX 1,000 ($12.38) to GBX 1,090 ($13.49) and gave the stock a ” underweight” rating in a research report on Monday. Haitong Bank raised BHP Billiton plc to a “buy” rating and increased their price target for the stock from GBX 864 ($10.69) to GBX 1,002 ($12.40) in a research report on Thursday, June 30th. Morgan Stanley set a GBX 1,080 ($13.37) price target on BHP Billiton plc and gave the stock a “buy” rating in a research report on Wednesday, June 29th. Barclays PLC increased their price target on 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, Beaufort Securities reaffirmed a “hold” rating on shares of BHP Billiton plc in a research report on Wednesday, June 22nd. Four research analysts have rated the stock with a sell rating, seventeen have given a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of GBX 990.19 ($12.25).
Shares of BHP Billiton plc (LON:BLT) opened at 1211.00 on Friday. The company has a 50 day moving average price of GBX 1,082.96 and a 200-day moving average price of GBX 945.38. The stock’s market capitalization is GBX 64.45 billion. BHP Billiton plc has a 52-week low of GBX 571.60 and a 52-week high of GBX 1,279.50.
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In other news, insider Frew,Anita acquired 4,500 shares of the firm’s stock in a transaction dated Tuesday, September 6th. The stock was acquired at an average cost of GBX 998 ($12.35) per share, with a total value 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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