BHP Billiton (BLT) Raised to “Buy” at Citigroup
BHP Billiton (LON:BLT) was upgraded by analysts at Citigroup to a “buy” rating in a research note issued on Tuesday.
BLT has been the subject of a number of other reports. Macquarie reissued an “outperform” rating and issued a GBX 1,600 ($21.53) target price on shares of BHP Billiton in a research report on Tuesday, October 10th. Deutsche Bank lifted their price target on BHP Billiton from GBX 1,600 ($21.53) to GBX 1,650 ($22.21) and gave the company a “buy” rating in a research report on Friday, October 13th. J P Morgan Chase & Co reiterated an “underweight” rating and issued a GBX 1,235 ($16.62) price target on shares of BHP Billiton in a research report on Friday, October 27th. lifted their price target on BHP Billiton from GBX 1,500 ($20.19) to GBX 1,530 ($20.59) and gave the company a “hold” rating in a research report on Thursday, October 19th. Finally, Liberum Capital reiterated a “sell” rating and issued a GBX 800 ($10.77) price target on shares of BHP Billiton in a research report on Tuesday, August 22nd. Six equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of GBX 1,367.81 ($18.41).
BHP Billiton (LON BLT) traded up GBX 14.23 ($0.19) during trading hours on Tuesday, reaching GBX 1,341.50 ($18.06). The company’s stock had a trading volume of 6,819,507 shares, compared to its average volume of 7,920,000. BHP Billiton has a twelve month low of GBX 1,103 ($14.85) and a twelve month high of GBX 1,518.50 ($20.44).
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.