BHP Billiton plc (BLT) Given Average Recommendation of “Hold” by Analysts
BHP Billiton plc (LON:BLT) has been assigned a consensus rating of “Hold” from the twenty-one brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is GBX 1,604.92 ($21.37).
A number of research analysts have recently weighed in on BLT shares. HSBC increased their target price on shares of BHP Billiton from GBX 1,480 ($19.70) to GBX 1,610 ($21.44) and gave the company a “hold” rating in a research report on Wednesday, April 18th. Barclays upgraded shares of BHP Billiton to an “overweight” rating and increased their target price for the stock from GBX 1,600 ($21.30) to GBX 1,800 ($23.96) in a research note on Friday, May 4th. Royal Bank of Canada upgraded shares of BHP Billiton to a “sector performer” rating in a research report on Wednesday, April 4th. Goldman Sachs Group upgraded shares of BHP Billiton to a “buy” rating in a research report on Monday, April 23rd. Finally, Citigroup raised shares of BHP Billiton to a “buy” rating and set a GBX 1,600 ($21.30) target price on the stock in a report on Friday, April 20th.
BLT stock traded up GBX 44 ($0.59) during trading on Monday, reaching GBX 1,708.20 ($22.74). The stock had a trading volume of 5,752,881 shares, compared to its average volume of 9,690,000. BHP Billiton has a one year low of GBX 1,103 ($14.69) and a one year high of GBX 1,662.40 ($22.13).
About BHP Billiton
BHP Billiton Plc, together with its subsidiaries, discovers, acquires, develops, and markets natural resources worldwide. It operates through four segments: Petroleum, Copper, Iron Ore, and Coal. The company explores for copper, silver, lead, zinc, molybdenum, uranium, gold, and iron ores, as well as metallurgical coal, thermal energy coal, and oil and gas properties.
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