BHP Billiton plc (BLT) Shares Up 1.3%
BHP Billiton plc (LON:BLT) shares shot up 1.3% on Tuesday . The stock traded as high as GBX 1,445.50 ($18.67) and last traded at GBX 1,438 ($18.57). 10,581,197 shares changed hands during mid-day trading, an increase of 29% from the average session volume of 8,187,040 shares. The stock had previously closed at GBX 1,419.50 ($18.33).
Several brokerages recently weighed in on BLT. Credit Suisse Group reaffirmed a “neutral” rating and issued a GBX 1,380 ($17.82) target price on shares of BHP Billiton plc in a research report on Wednesday, May 17th. Deutsche Bank AG reaffirmed a “buy” rating and issued a GBX 1,600 ($20.66) target price on shares of BHP Billiton plc in a research report on Sunday, August 20th. Royal Bank Of Canada cut their target price on BHP Billiton plc from GBX 1,500 ($19.37) to GBX 1,375 ($17.76) and set a “sector perform” rating on the stock in a research report on Wednesday, July 26th. Independent Research GmbH set a GBX 1,350 ($17.44) target price on BHP Billiton plc and gave the stock a “neutral” rating in a research report on Thursday, July 20th. Finally, J P Morgan Chase & Co increased their target price on BHP Billiton plc from GBX 1,180 ($15.24) to GBX 1,190 ($15.37) and gave the stock an “underweight” rating in a research report on Wednesday, August 23rd. Six analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 1,322.73 ($17.08).
The company has a 50-day moving average price of GBX 1,401.79 and a 200-day moving average price of GBX 1,274.83. The stock’s market capitalization is GBX 73.95 billion.
The company also recently announced a dividend, which will be paid on Tuesday, September 26th. Shareholders of record on Thursday, September 7th will be given a dividend of $0.43 per share. This is a positive change from BHP Billiton plc’s previous dividend of $0.40. The ex-dividend date is Thursday, September 7th. This represents a yield of 2.37%.
About BHP Billiton plc
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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