BHP Billiton plc (BLT) Given a GBX 1,300 Price Target by Credit Suisse Group AG Analysts
BHP Billiton plc (LON:BLT) has been given a GBX 1,300 ($15.84) price objective by equities researchers at Credit Suisse Group AG in a research note issued on Friday. The brokerage presently has a a “buy” rating on the mining company’s stock. Credit Suisse Group AG’s price target indicates a potential upside of 8.92% from the stock’s previous close.
Several other equities analysts have also commented on BLT. Barclays PLC upped their price target on shares of BHP Billiton plc from GBX 875 ($10.66) to GBX 925 ($11.27) and gave the stock an “equal weight” rating in a research report on Wednesday, June 22nd. Citigroup Inc. reaffirmed a “neutral” rating and set a GBX 1,100 ($13.41) price target on shares of BHP Billiton plc in a research report on Wednesday, August 24th. RBC Capital Markets set a GBX 1,100 ($13.41) price target on shares of BHP Billiton plc and gave the stock a “neutral” rating in a research report on Thursday, September 8th. Royal Bank Of Canada reaffirmed a “sector performer” rating and set a GBX 900 ($10.97) price target on shares of BHP Billiton plc in a research report on Wednesday, June 22nd. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a GBX 880 ($10.73) price target on shares of BHP Billiton plc in a research report on Wednesday, June 22nd. Four analysts have rated the stock with a sell rating, seventeen have issued a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 995.74 ($12.14).
Shares of BHP Billiton plc (LON:BLT) opened at 1193.50 on Friday. The stock’s 50 day moving average is GBX 1,091.46 and its 200-day moving average is GBX 952.55. The firm’s market cap is GBX 63.52 billion. BHP Billiton plc has a one year low of GBX 571.60 and a one year high of GBX 1,279.50.
In other news, insider Frew,Anita bought 4,500 shares of the firm’s stock in a transaction on Tuesday, September 6th. The stock was bought at an average cost of GBX 998 ($12.16) per share, for a total transaction of £44,910 ($54,734.92).
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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