BHP Billiton plc (BLT) Price Target Raised to GBX 1,650
BHP Billiton plc (LON:BLT) had its price target hoisted by equities researchers at Deutsche Bank AG from GBX 1,600 ($21.04) to GBX 1,650 ($21.69) in a research note issued on Friday. The firm presently has a “buy” rating on the mining company’s stock. Deutsche Bank AG’s target price indicates a potential upside of 18.03% from the stock’s current price.
Other analysts also recently issued reports about the stock. Morgan Stanley set a GBX 1,410 ($18.54) target price on shares of BHP Billiton plc and gave the company a “buy” rating in a research note on Thursday, July 6th. UBS AG set a GBX 1,375 ($18.08) price target on shares of BHP Billiton plc and gave the stock a “buy” rating in a research note on Thursday, July 6th. Macquarie set a GBX 1,460 ($19.20) price target on shares of BHP Billiton plc and gave the stock a “buy” rating in a research note on Wednesday, June 21st. S&P Global set a GBX 1,400 ($18.41) target price on shares of BHP Billiton plc and gave the stock a “buy” rating in a research report on Wednesday, July 19th. Finally, Barclays PLC reissued an “equal weight” rating and set a GBX 1,300 ($17.09) target price on shares of BHP Billiton plc in a research report on Friday, July 14th. Six research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 1,326.36 ($17.44).
Shares of BHP Billiton plc (LON BLT) traded up 1.64% during trading on Friday, reaching GBX 1398.00. The company had a trading volume of 8,672,489 shares. The stock’s market capitalization is GBX 74.42 billion. The stock’s 50-day moving average price is GBX 1,389.99 and its 200-day moving average price is GBX 1,282.37. BHP Billiton plc has a 12 month low of GBX 1,103.00 and a 12 month high of GBX 1,518.50.
BHP Billiton plc Company Profile
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.
Receive News & Ratings for BHP Billiton plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BHP Billiton plc and related companies with MarketBeat.com's FREE daily email newsletter.