BHP Billiton plc (BLT) Receives GBX 1,355.95 Consensus Price Target from Brokerages

BHP Billiton plc (LON:BLT) has received a consensus rating of “Hold” from the twenty-two ratings firms that are presently covering the firm, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is GBX 1,355.95 ($17.89).

Several analysts have issued reports on BLT shares. Jefferies Group LLC increased their price objective on shares of BHP Billiton plc from GBX 1,350 ($17.81) to GBX 1,450 ($19.13) and gave the company a “hold” rating in a research report on Wednesday, August 23rd. J P Morgan Chase & Co reaffirmed an “underweight” rating and issued a GBX 1,235 ($16.30) price objective on shares of BHP Billiton plc in a research report on Thursday, October 19th. Macquarie reaffirmed an “outperform” rating and issued a GBX 1,450 ($19.13) price objective on shares of BHP Billiton plc in a research report on Thursday, July 20th. Morgan Stanley increased their price objective on shares of BHP Billiton plc from GBX 1,050 ($13.86) to GBX 1,410 ($18.61) and gave the company an “overweight” rating in a research report on Tuesday, August 22nd. Finally, S&P Global set a GBX 1,400 ($18.47) price objective on shares of BHP Billiton plc and gave the company a “buy” rating in a research report on Wednesday, July 19th.

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Shares of BHP Billiton plc (BLT) traded up GBX 20.50 ($0.27) on Wednesday, reaching GBX 1,427.50 ($18.84). 6,424,498 shares of the company’s stock traded hands.

About BHP Billiton plc

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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