BHP Billiton plc (BLT) Given a GBX 1,050 Price Target by S&P Global Inc. Analysts
BHP Billiton plc (LON:BLT) has been given a GBX 1,050 ($12.80) target price by analysts at S&P Global Inc. in a note issued to investors on Wednesday. The brokerage presently has a a “sell” rating on the mining company’s stock. S&P Global Inc.’s price objective points to a potential downside of 13.37% from the company’s current price.
Other analysts have also recently issued reports about the company. JPMorgan Chase & Co. reissued an “underweight” rating and set a GBX 1,090 ($13.28) target price on shares of BHP Billiton plc in a research note on Wednesday. Jefferies Group raised their price target on shares of BHP Billiton plc from GBX 800 ($9.75) to GBX 900 ($10.97) and gave the stock a “hold” rating in a research note on Thursday, July 7th. Morgan Stanley set a GBX 1,080 ($13.16) price target on shares of BHP Billiton plc and gave the stock a “buy” rating in a research note on Wednesday, June 29th. Deutsche Bank AG decreased their price target on shares of BHP Billiton plc from GBX 1,250 ($15.23) to GBX 1,240 ($15.11) and set a “hold” rating for the company in a research note on Sunday, July 17th. Finally, Haitong Bank cut shares of BHP Billiton plc to a “neutral” rating and decreased their price target for the stock from GBX 1,002 ($12.21) to GBX 960 ($11.70) in a research note on Monday, September 19th. Five equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and six have issued a buy rating to the stock. BHP Billiton plc has a consensus rating of “Hold” and a consensus target price of GBX 1,001.30 ($12.20).
In related news, insider Frew,Anita purchased 4,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 6th. The shares were bought at an average price of GBX 998 ($12.16) per share, for a total transaction of £44,910 ($54,734.92).
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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