BHP Billiton plc (LON:BLT) had its price objective increased by JPMorgan Chase & Co. from GBX 1,000 ($12.38) to GBX 1,090 ($13.49) in a research report sent to investors on Monday morning. JPMorgan Chase & Co. currently has a underweight rating on the mining company’s stock.
Other equities analysts also recently issued research reports about the company. Jefferies Group restated a buy rating and set a GBX 1,250 ($15.47) target price on shares of BHP Billiton plc in a research report on Thursday, September 29th. Goldman Sachs Group Inc. restated a neutral rating and set a GBX 800 ($9.90) target price on shares of BHP Billiton plc in a research report on Tuesday, July 12th. Deutsche Bank AG restated a hold rating on shares of BHP Billiton plc in a research report on Monday, July 11th. BNP Paribas restated a neutral rating and set a GBX 885 ($10.95) target price on shares of BHP Billiton plc in a research report on Monday, June 27th. Finally, 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. Three analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and six have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of GBX 977.22 ($12.09).
BHP Billiton plc (LON:BLT) opened at 1256.00 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 50-day moving average price is GBX 1,069.99 and its 200 day moving average price is GBX 938.39. The company’s market cap is GBX 66.85 billion.
In other BHP Billiton plc news, insider Frew,Anita bought 4,500 shares of BHP Billiton plc stock in a transaction on Tuesday, September 6th. The shares were purchased 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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