BHP Billiton plc (LON:BLT) Receives Buy Rating from Deutsche Bank AG
BHP Billiton plc (LON:BLT)‘s stock had its “buy” rating restated by analysts at Deutsche Bank AG in a report released on Thursday, MarketBeat reports. They presently have a GBX 1,600 ($20.89) price objective on the mining company’s stock. Deutsche Bank AG’s target price suggests a potential upside of 21.67% from the stock’s previous close.
Several other analysts have also recently issued reports on BLT. Macquarie reiterated an “outperform” rating and issued a GBX 1,500 ($19.59) target price on shares of BHP Billiton plc in a research note on Tuesday, May 2nd. J P Morgan Chase & Co reiterated an “underweight” rating and issued a GBX 1,265 ($16.52) target price on shares of BHP Billiton plc in a research note on Thursday, March 30th. Morgan Stanley set a GBX 1,510 ($19.72) target price on shares of BHP Billiton plc and gave the stock a “buy” rating in a research note on Wednesday, April 26th. HSBC Holdings plc upgraded shares of BHP Billiton plc to a “buy” rating and set a GBX 1,500 ($19.59) target price on the stock in a research note on Wednesday, April 19th. Finally, Jefferies Group LLC cut shares of BHP Billiton plc to a “hold” rating and lowered their target price for the stock from GBX 1,500 ($19.59) to GBX 1,250 ($16.32) in a research note on Thursday, June 8th. Five equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the stock. BHP Billiton plc has an average rating of “Hold” and a consensus price target of GBX 1,313.64 ($17.15).
Shares of BHP Billiton plc (LON BLT) traded down 0.34% on Thursday, reaching GBX 1315.00. 7,911,544 shares of the company were exchanged. The firm has a 50 day moving average price of GBX 1,211.96 and a 200-day moving average price of GBX 1,276.73. BHP Billiton plc has a 12-month low of GBX 907.80 and a 12-month high of GBX 1,518.50. The stock’s market capitalization is GBX 69.98 billion.
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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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