BHP Billiton plc (BLT) Price Target Increased to GBX 1,404 by Analysts at Societe Generale

BHP Billiton plc (LON:BLT) had its target price upped by Societe Generale from GBX 700 ($9.21) to GBX 1,404 ($18.47) in a research note issued to investors on Thursday morning. They currently have a hold rating on the mining company’s stock.

A number of other analysts have also recently issued reports on the stock. J P Morgan Chase & Co reiterated an underweight rating and issued a GBX 1,235 ($16.24) target price on shares of BHP Billiton plc in a research note on Friday, October 27th. Macquarie reiterated an outperform rating and issued a GBX 1,600 ($21.04) target price on shares of BHP Billiton plc in a research note on Thursday, October 26th. Credit Suisse Group lifted their target price on shares of BHP Billiton plc from GBX 1,380 ($18.15) to GBX 1,430 ($18.81) and gave the company a neutral rating in a research note on Thursday, October 26th. Barclays PLC lifted their target price on shares of BHP Billiton plc from GBX 1,300 ($17.10) to GBX 1,375 ($18.08) and gave the company an equal weight rating in a research note on Tuesday, October 24th. Finally, HSBC Holdings plc lifted their target price on shares of BHP Billiton plc from GBX 1,500 ($19.73) to GBX 1,530 ($20.12) and gave the company a hold rating in a research note on Thursday, October 19th. Six research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of GBX 1,358.14 ($17.86).

BHP Billiton plc (LON BLT) traded down GBX 1 ($0.01) during midday trading on Thursday, reaching GBX 1,423 ($18.72). 6,168,715 shares of the company’s stock were exchanged, compared to its average volume of 7,570,000. BHP Billiton plc has a 1 year low of GBX 1,103 ($14.51) and a 1 year high of GBX 1,518.50 ($19.97).

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BHP Billiton plc Company Profile

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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