BHP Billiton plc (LON:BLT) had its target price hoisted by Investec from GBX 980 ($12.79) to GBX 1,017 ($13.28) in a research note released on Tuesday morning. The brokerage currently has a hold rating on the mining company’s stock.
Several other equities research analysts have also recently weighed in on the stock. Canaccord Genuity upped their price target on shares of BHP Billiton plc from GBX 990 ($12.92) to GBX 1,040 ($13.58) and gave the stock a hold rating in a research report on Tuesday. Barclays PLC lowered their price target on shares of BHP Billiton plc from GBX 1,135 ($14.82) to GBX 990 ($12.92) and set an equal weight rating for the company in a research report on Wednesday, September 21st. Liberum Capital reaffirmed a sell rating and issued a GBX 640 ($8.35) price target on shares of BHP Billiton plc in a research report on Tuesday, September 20th. Macquarie upgraded shares of BHP Billiton plc to an outperform rating and set a GBX 1,260 ($16.45) price objective for the company in a research note on Tuesday, September 20th. Finally, Jefferies Group reiterated a buy rating and set a GBX 1,250 ($16.32) price objective on shares of BHP Billiton plc in a research note on Tuesday, September 20th. Four equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of GBX 981.25 ($12.81).
BHP Billiton plc (LON:BLT) opened at 1158.50 on Tuesday. BHP Billiton plc has a 12-month low of GBX 571.60 and a 12-month high of GBX 1,203.50. The company’s market cap is GBX 61.66 billion. The stock has a 50 day moving average of GBX 1,038.54 and a 200 day moving average of GBX 916.53.
In related news, insider Frew,Anita purchased 4,500 shares of the company’s stock in a transaction on Tuesday, September 6th. The stock was acquired at an average cost of GBX 998 ($13.03) per share, for a total transaction of £44,910 ($58,621.59).
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.
Receive News & Ratings for BHP Billiton plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BHP Billiton plc and related companies with MarketBeat.com's FREE daily email newsletter.