BHP Billiton (BLT) PT Raised to GBX 1,750

BHP Billiton (LON:BLT) had its price objective raised by HSBC from GBX 1,720 ($22.47) to GBX 1,750 ($22.87) in a report published on Wednesday. They currently have a hold rating on the mining company’s stock.

Several other brokerages have also issued reports on BLT. Goldman Sachs Group set a GBX 2,050 ($26.79) price target on BHP Billiton and gave the company a buy rating in a report on Wednesday, July 18th. JPMorgan Chase & Co. reduced their price target on BHP Billiton from GBX 1,945 ($25.41) to GBX 1,910 ($24.96) and set a neutral rating for the company in a report on Thursday, August 23rd. UBS Group reiterated a buy rating on shares of BHP Billiton in a report on Wednesday, October 10th. Deutsche Bank lowered BHP Billiton to a buy rating and reduced their target price for the stock from GBX 1,860 ($24.30) to GBX 1,800 ($23.52) in a report on Tuesday, September 11th. Finally, Cfra set a GBX 1,700 ($22.21) target price on BHP Billiton and gave the stock a neutral rating in a report on Thursday, July 19th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of GBX 1,770.94 ($23.14).

Shares of BHP Billiton stock opened at GBX 1,611.20 ($21.05) on Wednesday. BHP Billiton has a 52-week low of GBX 1,103 ($14.41) and a 52-week high of GBX 1,662.40 ($21.72).

BHP Billiton Company Profile

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, energy coal, and oil and gas.

Further Reading: Cost of Debt

Analyst Recommendations for BHP Billiton (LON:BLT)

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