Published On: Wed, Sep 7th, 2016

BHP Billiton plc (BLT) Price Target Raised to GBX 990 at Canaccord Genuity

BHP Billiton plc (LON:BLT) had its price objective upped by research analysts at Canaccord Genuity from GBX 975 ($12.99) to GBX 990 ($13.19) in a research note issued on Wednesday. The brokerage currently has a ” hold” rating on the mining company’s stock. Canaccord Genuity’s price target indicates a potential downside of 0.71% from the stock’s previous close.
A number of other brokerages have also recently weighed in on BLT. Citigroup restated a “neutral” rating and set a GBX 1,100 ($14.65) price objective on shares of BHP Billiton plc in a research note on Wednesday, August 24th. Deutsche Bank AG restated a “hold” rating and set a GBX 1,230 ($16.38) price objective on shares of BHP Billiton plc in a research note on Monday, August 22nd. Investec restated a “hold” rating on shares of BHP Billiton plc in a research note on Thursday, August 25th. JPMorgan Chase & Co. upped their price objective on BHP Billiton plc from GBX 900 ($11.99) to GBX 1,000 ($13.32) and gave the stock an “underweight” rating in a research note on Wednesday, August 17th. Finally, Macquarie restated a “neutral” rating and set a GBX 1,070 ($14.25) price objective on shares of BHP Billiton plc in a research note on Wednesday, August 17th. Four investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of GBX 966.67 ($12.88).

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Shares of BHP Billiton plc (LON:BLT) traded up 0.04% on Wednesday, reaching GBX 997.50. The company’s stock had a trading volume of 6,430,846 shares. BHP Billiton plc has a 12-month low of GBX 571.60 and a 12-month high of GBX 1,203.50. The stock’s market cap is GBX 53.09 billion. The firm has a 50 day moving average price of GBX 1,002.60 and a 200-day moving average price of GBX 885.69.
BHP Billiton Plc is engaged in exploration, development, production, processing and marketing of minerals, in respect of iron ore, metallurgical and energy coal, copper, aluminum, manganese, uranium, nickel, silver and potash, and exploration, development, production and marketing of conventional and unconventional oil and gas.

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