BHP Billiton plc (BLT) PT Set at GBX 1,500 by Jefferies Group LLC
BHP Billiton plc (LON:BLT) has been assigned a GBX 1,500 ($19.51) price target by equities researchers at Jefferies Group LLC in a research report issued on Monday. The brokerage presently has a “buy” rating on the mining company’s stock. Jefferies Group LLC’s price objective points to a potential upside of 23.41% from the stock’s previous close.
A number of other brokerages have also recently commented on BLT. Macquarie restated an “outperform” rating and set a GBX 1,670 ($21.72) price target on shares of BHP Billiton plc in a research note on Thursday, January 26th. Goldman Sachs Group Inc restated a “neutral” rating and set a GBX 1,550 ($20.16) price target on shares of BHP Billiton plc in a research note on Friday, February 17th. Investec restated a “buy” rating and set a GBX 1,480 ($19.25) price target on shares of BHP Billiton plc in a research note on Wednesday, May 17th. Royal Bank of Canada restated a “sector performer” rating and set a GBX 1,625 ($21.14) price target on shares of BHP Billiton plc in a research note on Wednesday, March 15th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and set a GBX 1,265 ($16.46) price target on shares of BHP Billiton plc in a research note on Tuesday, March 14th. Five analysts have rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company’s stock. BHP Billiton plc has an average rating of “Hold” and a consensus target price of GBX 1,300.48 ($16.92).
Shares of BHP Billiton plc (LON:BLT) traded up 0.04% during mid-day trading on Monday, hitting GBX 1215.50. The stock had a trading volume of 5,841,624 shares. The stock’s market cap is GBX 64.69 billion. BHP Billiton plc has a one year low of GBX 786.40 and a one year high of GBX 1,518.50. The firm has a 50 day moving average of GBX 1,207.85 and a 200 day moving average of GBX 1,305.70.
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About BHP Billiton plc
BHP Billiton Plc is a global resources company. The Company is a producer of various commodities, including iron ore, metallurgical coal, copper and uranium. Its segments include Petroleum, Copper, Iron Ore and Coal. The Petroleum segment is engaged in the exploration, development and production of oil and gas.
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