BHP Billiton PLC (LON:BLT) Rating Reaffirmed
In recent note revealed to investors on 2 December, The “Hold” rating of BHP Billiton PLC (LON:BLT) shares was reaffirmed by Analysts at Deutsche Bank, who now has a GBX 1300.00 target price per share on the stock. Deutsche Bank’s target price per share may mean a possible upside of 61.15% from the last close price of the company.
From a total of 25 analysts covering BHP Billiton PLC (LON:BLT) stock, 10 rate it a ”Buy”, 2 a “Sell”, and 16 a ”Hold”. This means that 36% of the ratings are positive. The highest target price is GBX 27.85 while the lowest target price is GBX 11.29. The mean of all analyst targets is GBX 16.71 with a 40.91% above today’s (GBX 806.72) stock price. BHP Billiton PLC was the topic of 128 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Citigroup maintained shares on December 1 with “Neutral” rating. Societe Generale maintained shares with “Hold” rating and GBX 915 target share price in a report from a November 26. UBS maintained BLT stock in a recent report from November 30 with “Buy” rating. Goldman Sachs maintained the rating on November 25. Goldman Sachs has a “Neutral” rating and a GBX 950 price target on shares. Finally, Macquarie Research maintained the stock with “Outperform” rating in a report issued on a November 30.
The stock decreased 0.74% or GBX 5.98 on December 1, striking GBX 806.72. Approximately shares of stock traded hands. BHP Billiton plc (LON:BLT) has declined 45.89% since May 5, 2015 and is downtrending. It has underperformed by 44.27% the S&P500.
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 gas and oil. The company has a market cap of 45.98 billion GBP. The Firm operates through divisions, including Petroleum and Potash, Copper, Iron Ore and Coal. It has 18.96 P/E ratio. The Company’s Petroleum and Potash segment is engaged in exploration, development and production of gas and oil and potash pre-development.
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