Trading Report: The Jefferies Group Increases BHP Billiton plc (BLT) Price Target to GBX 1,600

The Jefferies Group Increases BHP Billiton plc (BLT) Price Target to GBX 1,600

BHP Billiton plc (LON:BLT) had its price target raised by stock analysts at Jefferies Group from GBX 1,250 ($15.23) to GBX 1,600 ($19.50) in a research report issued on Friday. The firm presently has a “buy” rating on the mining company’s stock. Jefferies Group’s target price would suggest a potential upside of 34.06% from the stock’s previous close.

Several other research analysts have also issued reports on the company. Citigroup Inc. lowered BHP Billiton plc to a “sell” rating in a research note on Thursday, October 13th. JPMorgan Chase & Co. increased their price objective on BHP Billiton plc from GBX 1,000 ($12.19) to GBX 1,090 ($13.28) and gave the stock a ” underweight” rating in a research note on Monday, October 10th. Deutsche Bank AG set a GBX 1,280 ($15.60) target price on BHP Billiton plc and gave the stock a “neutral” rating in a report on Thursday, October 6th. BNP Paribas restated a “neutral” rating and set a GBX 1,060 ($12.92) target price on shares of BHP Billiton plc in a report on Thursday, October 6th. Finally, Barclays PLC restated an “equal weight” rating and set a GBX 990 ($12.07) target price on shares of BHP Billiton plc in a report on Thursday, October 6th. Four research analysts have rated the stock with a sell rating, seventeen have given a hold rating and six have issued a buy rating to the company. BHP Billiton plc currently has a consensus rating of “Hold” and a consensus price target of GBX 995.74 ($12.14).

Shares of BHP Billiton plc (LON:BLT) opened at 1193.50 on Friday. BHP Billiton plc has a 52 week low of GBX 571.60 and a 52 week high of GBX 1,279.50. The company’s market cap is GBX 63.52 billion. The company has a 50 day moving average of GBX 1,091.46 and a 200-day moving average of GBX 952.55.

In other news, insider Frew,Anita acquired 4,500 shares of the stock in a transaction on Tuesday, September 6th. The shares were purchased at an average price of GBX 998 ($12.16) per share, for a total transaction of £44,910 ($54,734.92).

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