Credit Suisse Group Reaffirms “Neutral” Rating for BHP Billiton (BLT)
BHP Billiton (LON:BLT)‘s stock had its “neutral” rating reissued by research analysts at Credit Suisse Group in a research note issued to investors on Wednesday.
Other equities research analysts also recently issued reports about the company. Goldman Sachs Group set a GBX 2,050 ($26.44) price objective on BHP Billiton and gave the company a “buy” rating in a report on Wednesday, July 18th. UBS Group reaffirmed a “buy” rating on shares of BHP Billiton in a report on Friday, July 6th. Citigroup reaffirmed a “buy” rating on shares of BHP Billiton in a report on Tuesday, June 26th. Deutsche Bank reaffirmed a “buy” rating on shares of BHP Billiton in a report on Thursday, July 19th. Finally, HSBC lifted their price objective on BHP Billiton from GBX 1,740 ($22.45) to GBX 1,870 ($24.12) and gave the company a “hold” rating in a report on Thursday, June 21st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 1,714.65 ($22.12).
LON BLT opened at GBX 1,614.20 ($20.82) on Wednesday. BHP Billiton has a 1-year low of GBX 1,103 ($14.23) and a 1-year high of GBX 1,662.40 ($21.44).
BHP Billiton Plc, together with its subsidiaries, discovers, acquires, develops, and markets natural resources worldwide. It operates through four segments: Petroleum, Copper, Iron Ore, and Coal. The company explores for copper, silver, lead, zinc, molybdenum, uranium, gold, and iron ores, as well as metallurgical coal, thermal energy coal, and oil and gas properties.
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