BHP Billiton plc (BLT) Price Target Raised to GBX 1,150 at Credit Suisse Group AG
BHP Billiton plc (LON:BLT) had its price objective raised by Credit Suisse Group AG from GBX 1,050 ($13.71) to GBX 1,150 ($15.01) in a research report released on Monday morning. The brokerage currently has an outperform rating on the mining company’s stock.
Several other equities analysts have also recently issued reports on the company. RBC Capital Markets set a GBX 1,100 ($14.36) target price on BHP Billiton plc and gave the stock a neutral rating in a research report on Thursday, September 8th. Canaccord Genuity boosted their target price on BHP Billiton plc from GBX 975 ($12.73) to GBX 990 ($12.92) and gave the stock a hold rating in a research report on Wednesday, September 7th. Macquarie reiterated a neutral rating and set a GBX 1,070 ($13.97) target price on shares of BHP Billiton plc in a research report on Monday, September 5th. Deutsche Bank AG reiterated a hold rating and set a GBX 1,230 ($16.06) target price on shares of BHP Billiton plc in a research report on Monday, September 5th. Finally, Investec reiterated a hold rating on shares of BHP Billiton plc in a research report on Thursday, August 25th. Four research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of GBX 975.82 ($12.74).
BHP Billiton plc (LON:BLT) opened at 1039.50 on Monday. BHP Billiton plc has a one year low of GBX 571.60 and a one year high of GBX 1,203.50. The firm’s market capitalization is GBX 55.32 billion. The stock has a 50 day moving average price of GBX 1,019.41 and a 200-day moving average price of GBX 903.76.
In other BHP Billiton plc news, insider Frew,Anita bought 4,500 shares of the business’s stock in a transaction on Tuesday, September 6th. The shares were purchased at an average price of GBX 998 ($13.03) per share, with a total value of £44,910 ($58,621.59).
BHP Billiton plc Company Profile
BHP Billiton Plc is engaged in exploration, development, production, processing and marketing of minerals, in respect of iron ore, metallurgical and energy coal, copper, aluminum, manganese, uranium, nickel, silver and potash, and exploration, development, production and marketing of conventional and unconventional oil and gas.
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