BHP Billiton plc (LON:BLT) had its price target lifted by Deutsche Bank AG from GBX 1,230 ($15.22) to GBX 1,290 ($15.97) in a research note published on Wednesday morning. Deutsche Bank AG currently has a hold rating on the mining company’s stock.
Other research analysts have also issued research reports about the company. Haitong Bank raised BHP Billiton plc to a buy rating and boosted their price objective for the stock from GBX 864 ($10.69) to GBX 1,002 ($12.40) in a report on Thursday, June 30th. Morgan Stanley set a GBX 1,080 ($13.37) target price on BHP Billiton plc and gave the stock a buy rating in a research report on Wednesday, June 29th. Jefferies Group upgraded BHP Billiton plc to a buy rating and boosted their target price for the stock from GBX 1,100 ($13.61) to GBX 1,250 ($15.47) in a research report on Tuesday, August 23rd. Barclays PLC boosted their target price on BHP Billiton plc from GBX 875 ($10.83) to GBX 925 ($11.45) and gave the stock an equal weight rating in a research report on Wednesday, June 22nd. Finally, Beaufort Securities restated a hold rating on shares of BHP Billiton plc in a research report on Wednesday, June 22nd. Three investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and six have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of GBX 977.22 ($12.09).
Shares of BHP Billiton plc (LON:BLT) opened at 1276.00 on Wednesday. The firm’s market cap is GBX 67.91 billion. BHP Billiton plc has a 12 month low of GBX 571.60 and a 12 month high of GBX 1,279.50. The stock’s 50 day moving average is GBX 1,069.99 and its 200 day moving average is GBX 938.39.
In related news, insider Frew,Anita acquired 4,500 shares of the firm’s stock in a transaction dated Tuesday, September 6th. The shares were purchased at an average price 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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