Deutsche Bank AG Boosts BHP Billiton plc (BLT) Price Target to GBX 1,290
BHP Billiton plc (LON:BLT) had its price objective lifted by Deutsche Bank AG from GBX 1,230 ($16.06) to GBX 1,290 ($16.84) in a report published on Wednesday morning. Deutsche Bank AG currently has a hold rating on the mining company’s stock.
Several other research analysts also recently commented on the stock. Jefferies Group reiterated a buy rating and issued a GBX 1,250 ($16.32) target price on shares of BHP Billiton plc in a report on Thursday, September 29th. Goldman Sachs Group Inc. reiterated a neutral rating and issued a GBX 800 ($10.44) target price on shares of BHP Billiton plc in a report on Tuesday, July 12th. BNP Paribas reiterated a neutral rating and issued a GBX 885 ($11.55) target price on shares of BHP Billiton plc in a report on Monday, June 27th. Morgan Stanley set a GBX 1,080 ($14.10) target price on shares of BHP Billiton plc and gave the stock a buy rating in a report on Wednesday, June 29th. Finally, Credit Suisse Group AG reiterated an outperform rating and issued a GBX 1,150 ($15.01) target price on shares of BHP Billiton plc in a report on Tuesday, August 9th. Four research analysts have rated the stock with a sell rating, eighteen have given a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of GBX 973.89 ($12.71).
BHP Billiton plc (LON:BLT) opened at 1235.6139 on Wednesday. BHP Billiton plc has a 12 month low of GBX 571.60 and a 12 month high of GBX 1,255.00. The stock’s 50 day moving average is GBX 1,063.91 and its 200 day moving average is GBX 932.42. The company’s market cap is GBX 65.76 billion.
In other news, insider Frew,Anita bought 4,500 shares of the stock in a transaction on Tuesday, September 6th. The stock was purchased at an average price of GBX 998 ($13.03) per share, with a total value 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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