Credit Suisse Group AG Increases BHP Billiton plc (BLT) Price Target to GBX 1,150
BHP Billiton plc (LON:BLT) had its price objective hoisted by research analysts at Credit Suisse Group AG from GBX 1,050 ($13.71) to GBX 1,150 ($15.01) in a report issued on Monday. The brokerage currently has an “outperform” rating on the mining company’s stock. Credit Suisse Group AG’s target price would indicate a potential upside of 11.38% from the company’s previous close.
A number of other analysts have also issued reports on BLT. Barclays PLC boosted their target price on shares of BHP Billiton plc from GBX 875 ($11.42) to GBX 925 ($12.07) and gave the company an “equal weight” rating in a research note on Wednesday, June 22nd. Citigroup Inc. reissued a “neutral” rating and set a GBX 1,100 ($14.36) target price on shares of BHP Billiton plc in a research note on Wednesday, August 24th. RBC Capital Markets set a GBX 1,100 ($14.36) target price on shares of BHP Billiton plc and gave the company a “neutral” rating in a research note on Thursday, September 8th. Royal Bank Of Canada reissued a “sector performer” rating and set a GBX 900 ($11.75) target price on shares of BHP Billiton plc in a research note on Wednesday, June 22nd. Finally, Canaccord Genuity boosted their target price on shares of BHP Billiton plc from GBX 850 ($11.10) to GBX 975 ($12.73) and gave the company a “hold” rating in a research note on Wednesday, July 27th. 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. BHP Billiton plc currently has an average rating of “Hold” and a consensus price target of GBX 978.14 ($12.77).
Shares of BHP Billiton plc (LON:BLT) opened at 1032.50 on Monday. The stock’s market cap is GBX 54.95 billion. The stock’s 50 day moving average is GBX 1,019.76 and its 200-day moving average is GBX 905.43. BHP Billiton plc has a one year low of GBX 571.60 and a one year high of GBX 1,203.50.
In other BHP Billiton plc news, insider Frew,Anita bought 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 ($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.
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