Shares of BHP Billiton plc (LON:BLT) have earned a consensus recommendation of “Hold” from the twenty-one brokerages that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is GBX 1,517.27 ($20.20).
A number of research firms have recently weighed in on BLT. Citigroup increased their price objective on shares of BHP Billiton from GBX 1,550 ($20.64) to GBX 1,600 ($21.30) and gave the stock a “buy” rating in a research note on Thursday, April 5th. Barclays increased their price objective on shares of BHP Billiton from GBX 1,800 ($23.96) to GBX 1,850 ($24.63) and gave the stock an “overweight” rating in a research note on Monday, May 21st. Credit Suisse Group reiterated a “neutral” rating and issued a GBX 1,430 ($19.04) price objective on shares of BHP Billiton in a research note on Thursday, February 15th. JPMorgan Chase & Co. dropped their price target on shares of BHP Billiton from GBX 1,700 ($22.63) to GBX 1,650 ($21.97) and set a “neutral” rating on the stock in a research report on Wednesday, February 21st. Finally, Deutsche Bank upgraded shares of BHP Billiton to a “buy” rating and set a GBX 1,700 ($22.63) price target on the stock in a research report on Wednesday, April 11th.
Shares of LON:BLT remained flat at $GBX 1,748.80 ($23.28) during midday trading on Thursday. 7,083,585 shares of the stock were exchanged, compared to its average volume of 9,690,000. BHP Billiton has a 1 year low of GBX 1,103 ($14.69) and a 1 year high of GBX 1,662.40 ($22.13).
About BHP Billiton
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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