BHP Billiton plc (BLT) PT Raised to GBX 1,530
BHP Billiton plc (LON:BLT) had its price objective boosted by analysts at HSBC Holdings plc from GBX 1,500 ($19.93) to GBX 1,530 ($20.33) in a report released on Thursday. The brokerage currently has a “hold” rating on the mining company’s stock. HSBC Holdings plc’s price target would indicate a potential upside of 10.59% from the company’s current price.
A number of other equities analysts have also recently commented on the stock. Jefferies Group LLC lifted their price objective on shares of BHP Billiton plc from GBX 1,450 ($19.27) to GBX 1,500 ($19.93) and gave the stock a “hold” rating in a research report on Thursday, August 31st. Macquarie reaffirmed an “outperform” rating on shares of BHP Billiton plc in a research report on Thursday, July 6th. J P Morgan Chase & Co lifted their price objective on shares of BHP Billiton plc from GBX 1,190 ($15.81) to GBX 1,235 ($16.41) and gave the stock an “underweight” rating in a research report on Tuesday, September 5th. Shore Capital reaffirmed a “not rated” rating on shares of BHP Billiton plc in a research report on Wednesday, July 19th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and set a GBX 1,380 ($18.34) price objective on shares of BHP Billiton plc in a research report on Tuesday, June 27th. Six analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company. BHP Billiton plc currently has a consensus rating of “Hold” and an average target price of GBX 1,350 ($17.94).
Shares of BHP Billiton plc (BLT) traded down 0.93% during mid-day trading on Thursday, reaching GBX 1383.50. 8,149,746 shares of the company’s stock were exchanged. BHP Billiton plc has a 52-week low of GBX 1,103.00 and a 52-week high of GBX 1,518.50. The stock’s 50-day moving average is GBX 1,384.84 and its 200-day moving average is GBX 1,288.02. The stock’s market cap is GBX 73.65 billion.
WARNING: This report was reported by American Banking News and is the property of of American Banking News. If you are accessing this report on another publication, it was illegally copied and republished in violation of international trademark & copyright laws. The original version of this report can be viewed at https://www.americanbankingnews.com/2017/10/22/bhp-billiton-plc-blt-pt-raised-to-gbx-1530.html.
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.