BHP Billiton plc’s (BLT) Buy Rating Reaffirmed at Jefferies Group
Jefferies Group reissued their buy rating on shares of BHP Billiton plc (LON:BLT) in a report issued on Tuesday morning. Jefferies Group currently has a GBX 1,250 ($16.32) target price on the mining company’s stock.
BLT has been the topic of several other research reports. RBC Capital Markets set a GBX 1,100 ($14.36) price target on BHP Billiton plc and gave the company a neutral rating in a research report on Thursday, September 8th. Citigroup Inc. restated a neutral rating and issued a GBX 1,100 ($14.36) price target on shares of BHP Billiton plc in a research report on Wednesday, August 24th. Investec restated a hold rating on shares of BHP Billiton plc in a research report on Thursday, August 25th. Credit Suisse Group AG restated an outperform rating and issued a GBX 1,050 ($13.71) price target on shares of BHP Billiton plc in a research report on Thursday, June 30th. Finally, Macquarie restated an underperform rating and issued a GBX 720 ($9.40) price target on shares of BHP Billiton plc in a research report on Monday, May 23rd. Four equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of GBX 978.14 ($12.77).
Shares of BHP Billiton plc (LON:BLT) opened at 1044.50 on Tuesday. The company has a 50 day moving average price of GBX 1,019.76 and a 200 day moving average price of GBX 905.43. BHP Billiton plc has a 12-month low of GBX 571.60 and a 12-month high of GBX 1,203.50. The firm’s market cap is GBX 55.59 billion.
In other BHP Billiton plc news, insider Frew,Anita bought 4,500 shares of the stock in a transaction dated Tuesday, September 6th. The stock was bought at an average cost of GBX 998 ($13.03) per share, for a total transaction of £44,910 ($58,621.59).
About BHP Billiton plc
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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