BHP Billiton plc (BLT) Given Consensus Recommendation of “Hold” by Brokerages
BHP Billiton plc (LON:BLT) has been given an average rating of “Hold” by the twenty-two research firms that are covering the company, Marketbeat.com reports. Six analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is GBX 1,355.95 ($17.89).
Several equities research analysts recently issued reports on BLT shares. Macquarie reiterated an “outperform” rating on shares of BHP Billiton plc in a report on Thursday, July 6th. Jefferies Group LLC upped their price target on BHP Billiton plc from GBX 1,350 ($17.81) to GBX 1,450 ($19.13) and gave the stock a “hold” rating in a report on Wednesday, August 23rd. J P Morgan Chase & Co reiterated an “underweight” rating and set a GBX 1,235 ($16.30) price target on shares of BHP Billiton plc in a report on Thursday, October 19th. UBS AG set a GBX 1,375 ($18.14) price target on BHP Billiton plc and gave the stock a “buy” rating in a report on Thursday, July 6th. Finally, Morgan Stanley upped their price target on BHP Billiton plc from GBX 1,050 ($13.86) to GBX 1,410 ($18.61) and gave the stock an “overweight” rating in a report on Tuesday, August 22nd.
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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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