Jefferies Group reissued their buy rating on shares of BHP Billiton plc (LON:BLT) in a research report report published on Tuesday morning. The firm currently has a GBX 1,250 ($16.32) price objective on the mining company’s stock.
Several other research firms have also recently issued reports on BLT. Deutsche Bank AG reissued a hold rating and issued a GBX 880 ($11.49) target price on shares of BHP Billiton plc in a research report on Monday, June 6th. Beaufort Securities restated a hold rating on shares of BHP Billiton plc in a report on Wednesday, June 22nd. Macquarie restated a neutral rating and issued a GBX 1,070 ($13.97) price target on shares of BHP Billiton plc in a report on Tuesday, August 23rd. JPMorgan Chase & Co. restated an underweight rating and issued a GBX 800 ($10.44) price target on shares of BHP Billiton plc in a report on Friday, June 10th. Finally, Morgan Stanley set a GBX 1,080 ($14.10) price target on shares of BHP Billiton plc and gave the company a buy rating in a report on Wednesday, June 29th. Four analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of GBX 978.14 ($12.77).
BHP Billiton plc (LON:BLT) opened at 1092.50 on Tuesday. The firm’s market cap is GBX 58.14 billion. BHP Billiton plc has a one year low of GBX 571.60 and a one year high of GBX 1,203.50. The stock has a 50 day moving average of GBX 1,026.38 and a 200 day moving average of GBX 908.03.
In other BHP Billiton plc news, insider Frew,Anita bought 4,500 shares of the stock in a transaction on Tuesday, September 6th. The shares were bought at an average price of GBX 998 ($13.03) per share, with a total value of £44,910 ($58,621.59).
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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