Credit Suisse Group Reaffirms “Neutral” Rating for BHP Billiton plc (BLT)

BHP Billiton plc (LON:BLT)‘s stock had its “neutral” rating reissued by equities research analysts at Credit Suisse Group in a research report issued to clients and investors on Wednesday. They currently have a GBX 1,430 ($18.81) price objective on the mining company’s stock. Credit Suisse Group’s price target indicates a potential upside of 3.06% from the stock’s previous close.

BLT has been the topic of several other research reports. Deutsche Bank AG reaffirmed a “buy” rating and issued a GBX 1,600 ($21.04) price target on shares of BHP Billiton plc in a report on Sunday, August 20th. Royal Bank Of Canada dropped their price target on BHP Billiton plc from GBX 1,500 ($19.73) to GBX 1,375 ($18.08) and set a “sector perform” rating on the stock in a report on Wednesday, July 26th. Independent Research GmbH set a GBX 1,350 ($17.76) price target on BHP Billiton plc and gave the company a “neutral” rating in a report on Thursday, July 20th. J P Morgan Chase & Co upped their price target on BHP Billiton plc from GBX 1,180 ($15.52) to GBX 1,190 ($15.65) and gave the company an “underweight” rating in a report on Wednesday, August 23rd. Finally, Barclays PLC upped their price target on BHP Billiton plc from GBX 1,300 ($17.10) to GBX 1,375 ($18.08) and gave the company an “equal weight” rating in a report on Tuesday, October 24th. Six analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of GBX 1,358.14 ($17.86).

BHP Billiton plc (LON BLT) opened at GBX 1,387.50 ($18.25) on Wednesday. BHP Billiton plc has a twelve month low of GBX 1,103 ($14.51) and a twelve month high of GBX 1,518.50 ($19.97).

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BHP Billiton plc Company Profile

BHP Billiton Plc is a global resources company. The Company is a producer of various commodities, including iron ore, metallurgical coal, copper and uranium. Its segments include Petroleum, Copper, Iron Ore and Coal. The Petroleum segment is engaged in the exploration, development and production of oil and gas.

Analyst Recommendations for BHP Billiton plc (LON:BLT)

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