Royal Bank Of Canada Reiterates Sector Performer Rating for BHP Billiton plc (BLT)
BHP Billiton plc (LON:BLT)‘s stock had its “sector performer” rating reaffirmed by equities research analysts at Royal Bank Of Canada in a research note issued on Thursday.
A number of other research firms also recently weighed in on BLT. Deutsche Bank AG boosted their price target on shares of BHP Billiton plc from GBX 1,230 ($16.06) to GBX 1,290 ($16.84) and gave the stock a “hold” rating in a research note on Wednesday, October 5th. Macquarie reaffirmed an “outperform” rating and issued a GBX 1,280 ($16.71) target price on shares of BHP Billiton plc in a research note on Wednesday, October 5th. Citigroup Inc. set a GBX 1,100 ($14.36) target price on shares of BHP Billiton plc and gave the company a “neutral” rating in a research note on Friday, September 30th. Jefferies Group reaffirmed a “buy” rating and issued a GBX 1,250 ($16.32) target price on shares of BHP Billiton plc in a research note on Thursday, September 29th. Finally, Canaccord Genuity upped their target price on shares of BHP Billiton plc from GBX 990 ($12.92) to GBX 1,040 ($13.58) and gave the company a “hold” rating in a research note on Tuesday, September 27th. Four equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and six have issued a buy rating to the company. BHP Billiton plc currently has an average rating of “Hold” and a consensus target price of GBX 973.89 ($12.71).
BHP Billiton plc (LON:BLT) opened at 1235.6139 on Thursday. BHP Billiton plc has a 12-month low of GBX 571.60 and a 12-month high of GBX 1,255.00. The company’s market cap is GBX 65.76 billion. The stock’s 50 day moving average is GBX 1,063.91 and its 200-day moving average is GBX 932.42.
In other news, insider Frew,Anita acquired 4,500 shares of BHP Billiton plc stock in a transaction on Tuesday, September 6th. The shares were purchased 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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