BHP Billiton plc (BLT) Price Target Raised to GBX 1,090
BHP Billiton plc (LON:BLT) had its target price boosted by equities research analysts at JPMorgan Chase & Co. from GBX 1,000 ($13.05) to GBX 1,090 ($14.23) in a research note issued to investors on Monday. The firm presently has a ” underweight” rating on the mining company’s stock. JPMorgan Chase & Co.’s price target would indicate a potential downside of 12.16% from the company’s current price.
Other equities analysts also recently issued reports about the company. Haitong Bank raised BHP Billiton plc to a “buy” rating and lifted their target price for the company from GBX 864 ($11.28) to GBX 1,002 ($13.08) in a research report on Thursday, June 30th. Morgan Stanley set a GBX 1,080 ($14.10) target price on BHP Billiton plc and gave the company a “buy” rating in a research report on Wednesday, June 29th. Jefferies Group raised BHP Billiton plc to a “buy” rating and lifted their target price for the company from GBX 1,100 ($14.36) to GBX 1,250 ($16.32) in a research report on Tuesday, August 23rd. Barclays PLC lifted their target price on BHP Billiton plc from GBX 875 ($11.42) to GBX 925 ($12.07) and gave the company an “equal weight” rating in a research report on Wednesday, June 22nd. Finally, Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 880 ($11.49) target price on shares of BHP Billiton plc in a research report on Wednesday, June 22nd. Four analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 977.22 ($12.76).
BHP Billiton plc (LON:BLT) traded up 2.52% during trading on Monday, hitting GBX 1263.50. 5,155,176 shares of the stock traded hands. The company’s 50 day moving average price is GBX 1,063.91 and its 200 day moving average price is GBX 932.42. BHP Billiton plc has a 12 month low of GBX 571.60 and a 12 month high of GBX 1,264.50. The company’s market cap is GBX 67.25 billion.
In other news, insider Frew,Anita bought 4,500 shares of the stock in a transaction on Tuesday, September 6th. The shares were bought 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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