BHP Billiton plc (LON:BLT) had its price objective lifted by Jefferies Group from GBX 1,250 ($15.47) to GBX 1,600 ($19.80) in a research note issued to investors on Friday. They currently have a buy rating on the mining company’s stock.
BLT has been the topic of a number of other reports. BNP Paribas restated a neutral rating and set a GBX 1,060 ($13.12) price objective on shares of BHP Billiton plc in a research report on Tuesday, August 23rd. Canaccord Genuity restated a hold rating and set a GBX 850 ($10.52) price objective on shares of BHP Billiton plc in a research report on Wednesday, July 20th. Credit Suisse Group AG boosted their price objective on BHP Billiton plc from GBX 1,050 ($13.00) to GBX 1,150 ($14.23) and gave the company an outperform rating in a research report on Monday, September 19th. Deutsche Bank AG boosted their price objective on BHP Billiton plc from GBX 1,230 ($15.22) to GBX 1,290 ($15.97) and gave the company a hold rating in a research report on Wednesday, October 5th. Finally, Macquarie restated a neutral rating and set a GBX 1,070 ($13.24) price objective on shares of BHP Billiton plc in a research report on Monday, September 5th. Four analysts have rated the stock with a sell rating, seventeen have given a hold rating and six have given a buy rating to the company’s stock. BHP Billiton plc has a consensus rating of Hold and a consensus target price of GBX 995.74 ($12.32).
Shares of BHP Billiton plc (LON:BLT) traded down 1.28% during mid-day trading on Friday, reaching GBX 1193.00. The company had a trading volume of 6,647,745 shares. The firm has a 50-day moving average of GBX 1,087.19 and a 200-day moving average of GBX 947.20. The company’s market capitalization is GBX 63.50 billion. BHP Billiton plc has a 12-month low of GBX 571.60 and a 12-month high of GBX 1,279.50.
In other news, insider Frew,Anita acquired 4,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 6th. The stock was acquired at an average cost of GBX 998 ($12.35) per share, for a total transaction of £44,910 ($55,581.68).
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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