The JPMorgan Chase & Co. Boosts BHP Billiton plc (BLT) Price Target to GBX 1,090

The JPMorgan Chase & Co. Boosts BHP Billiton plc (BLT) Price Target to GBX 1,090

BHP Billiton plc (LON:BLT) had its price target boosted by JPMorgan Chase & Co. from GBX 1,000 ($12.38) to GBX 1,090 ($13.49) in a research note published on Monday. The brokerage currently has a  underweight rating on the mining company’s stock.

Several other research firms also recently weighed in on BLT. Beaufort Securities reissued a hold rating on shares of BHP Billiton plc in a report on Wednesday, June 22nd. Macquarie reissued a neutral rating and set a GBX 1,070 ($13.24) price objective on shares of BHP Billiton plc in a report on Tuesday, August 23rd. Morgan Stanley set a GBX 1,080 ($13.37) price objective on BHP Billiton plc and gave the company a buy rating in a report on Wednesday, June 29th. Credit Suisse Group AG reaffirmed an outperform rating and set a GBX 1,050 ($13.00) target price on shares of BHP Billiton plc in a report on Thursday, June 16th. Finally, BNP Paribas reaffirmed a neutral rating and set a GBX 1,060 ($13.12) target price on shares of BHP Billiton plc in a report on Thursday, October 6th. Four equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and six have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus price target of GBX 977.22 ($12.09).

BHP Billiton plc (LON:BLT) opened at 1184.00 on Monday. The firm’s market capitalization is GBX 63.02 billion. BHP Billiton plc has a 52-week low of GBX 571.60 and a 52-week high of GBX 1,279.50. The stock’s 50 day moving average price is GBX 1,082.96 and its 200 day moving average price is GBX 945.38.

In other news, insider Frew,Anita purchased 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 ($12.35) per share, with a total value of £44,910 ($55,581.68).

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