BHP Billiton plc (BLT) PT Set at GBX 1,300 by Credit Suisse Group AG
BHP Billiton plc (LON:BLT) received a GBX 1,300 ($16.09) price objective from research analysts at Credit Suisse Group AG in a research report issued to clients and investors on Friday. The brokerage currently has a a “buy” rating on the mining company’s stock. Credit Suisse Group AG’s target price would suggest a potential upside of 9.80% from the stock’s current price.
Other equities research analysts have also recently issued reports about the stock. JPMorgan Chase & Co. upped their target price on shares of BHP Billiton plc from GBX 1,000 ($12.38) to GBX 1,090 ($13.49) and gave the company a ” underweight” rating in a report on Monday. Haitong Bank raised shares of BHP Billiton plc to a “buy” rating and increased their price target for the company from GBX 864 ($10.69) to GBX 1,002 ($12.40) in a report on Thursday, June 30th. Morgan Stanley set a GBX 1,080 ($13.37) price target on shares of BHP Billiton plc and gave the company a “buy” rating in a report on Wednesday, June 29th. Jefferies Group raised shares of BHP Billiton plc to a “buy” rating and increased their price target for the company from GBX 1,100 ($13.61) to GBX 1,250 ($15.47) in a report on Tuesday, August 23rd. Finally, Barclays PLC increased their price target on shares of BHP Billiton plc from GBX 875 ($10.83) to GBX 925 ($11.45) and gave the company an “equal weight” rating in a report on Wednesday, June 22nd. Four analysts have rated the stock with a sell rating, seventeen have given a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of GBX 995.74 ($12.32).
Shares of BHP Billiton plc (LON:BLT) opened at 1202.00 on Friday. The stock’s market capitalization is GBX 63.98 billion. BHP Billiton plc has a 52-week low of GBX 571.60 and a 52-week high of GBX 1,279.50. The firm’s 50-day moving average price is GBX 1,082.96 and its 200-day moving average price is GBX 945.38.
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In other BHP Billiton plc news, insider Frew,Anita bought 4,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 6th. The stock was purchased at an average cost of GBX 998 ($12.35) per share, for a total transaction of £44,910 ($55,581.68).
About BHP Billiton plc
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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