BHP Billiton plc (LON:BLT) had its price target upped by JPMorgan Chase & Co. from GBX 1,000 ($12.38) to GBX 1,090 ($13.49) in a research report issued on Monday. The firm currently has a ” underweight” rating on the mining company’s stock. JPMorgan Chase & Co.’s target price indicates a potential downside of 12.03% from the stock’s current price.
A number of other research analysts have also weighed in on BLT. Credit Suisse Group AG reissued an “outperform” rating and issued a GBX 1,050 ($13.00) target price on shares of BHP Billiton plc in a research note on Thursday, June 30th. Barclays PLC raised their target price on shares of BHP Billiton plc from GBX 875 ($10.83) to GBX 925 ($11.45) and gave the stock an “equal weight” rating in a research note on Wednesday, June 22nd. Citigroup Inc. reissued a “neutral” rating and issued a GBX 1,100 ($13.61) target price on shares of BHP Billiton plc in a research note on Wednesday, August 24th. RBC Capital Markets set a GBX 1,100 ($13.61) target price on shares of BHP Billiton plc and gave the stock a “neutral” rating in a research note on Thursday, September 8th. Finally, Royal Bank Of Canada reissued a “sector performer” rating and issued a GBX 900 ($11.14) target price on shares of BHP Billiton plc in a research note on Wednesday, June 22nd. Three research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of GBX 977.22 ($12.09).
BHP Billiton plc (LON:BLT) opened at 1239.00 on Monday. BHP Billiton plc has a 52 week low of GBX 571.60 and a 52 week high of GBX 1,279.50. The company’s market cap is GBX 65.95 billion. The company has a 50-day moving average price of GBX 1,074.56 and a 200 day moving average price of GBX 941.64.
In other BHP Billiton plc news, insider Frew,Anita bought 4,500 shares of BHP Billiton plc stock in a transaction dated Tuesday, September 6th. The stock was acquired at an average cost of GBX 998 ($12.35) per share, with a total value 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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