BHP Billiton plc (LON:BLT) Receives “Buy” Rating from Deutsche Bank AG
BHP Billiton plc (LON:BLT)‘s stock had its “buy” rating reissued by Deutsche Bank AG in a report released on Monday. They presently have a GBX 1,600 ($20.84) target price on the mining company’s stock. Deutsche Bank AG’s target price points to a potential upside of 19.76% from the stock’s current price.
A number of other research firms also recently issued reports on BLT. Royal Bank Of Canada decreased their price objective on BHP Billiton plc from GBX 1,500 ($19.53) to GBX 1,375 ($17.91) and set a “sector perform” rating for the company in a report on Wednesday, July 26th. Citigroup Inc. downgraded BHP Billiton plc to a “neutral” rating and set a GBX 1,350 ($17.58) price objective for the company. in a report on Thursday, July 20th. J P Morgan Chase & Co increased their price objective on BHP Billiton plc from GBX 1,155 ($15.04) to GBX 1,180 ($15.37) and gave the stock an “underweight” rating in a report on Thursday, July 20th. Macquarie reiterated an “outperform” rating and issued a GBX 1,450 ($18.88) price objective on shares of BHP Billiton plc in a report on Thursday, July 20th. Finally, Independent Research GmbH set a GBX 1,350 ($17.58) price objective on BHP Billiton plc and gave the stock a “neutral” rating in a report on Thursday, July 20th. Five research analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of GBX 1,303.41 ($16.97).
Shares of BHP Billiton plc (BLT) opened at 1336.00 on Monday. BHP Billiton plc has a 1-year low of GBX 957.10 and a 1-year high of GBX 1,518.50. The firm’s market capitalization is GBX 71.10 billion. The stock has a 50 day moving average of GBX 1,293.46 and a 200-day moving average of GBX 1,272.40.
BHP Billiton plc Company Profile
BHP Billiton Plc is a global resources company. The Company is a producer of various commodities, including iron ore, metallurgical coal, copper and uranium. Its segments include Petroleum, Copper, Iron Ore and Coal. The Petroleum segment is engaged in the exploration, development and production of oil and gas.
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