BHP Billiton (LON:BLT)‘s stock had its “buy” rating reiterated by investment analysts at UBS Group in a research note issued on Friday, investing.thisismoney.co.uk reports.
Other research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. dropped their price target on BHP Billiton from GBX 1,945 ($25.41) to GBX 1,910 ($24.96) and set a “neutral” rating on the stock in a research report on Thursday, August 23rd. HSBC set a GBX 1,860 ($24.30) price target on BHP Billiton and gave the company a “neutral” rating in a research report on Monday, July 30th. Liberum Capital reaffirmed a “sell” rating and set a GBX 1,300 ($16.99) price target on shares of BHP Billiton in a research report on Thursday, August 16th. Credit Suisse Group reaffirmed a “neutral” rating on shares of BHP Billiton in a research report on Tuesday, September 11th. Finally, Societe Generale raised BHP Billiton to a “buy” rating and upped their price target for the company from GBX 1,600 ($20.91) to GBX 1,780 ($23.26) in a research report on Thursday, October 25th. One equities research analyst has rated the stock with a sell rating, ten have assigned 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 1,770.94 ($23.14).
Shares of LON BLT opened at GBX 1,573 ($20.55) on Friday. BHP Billiton has a one year low of GBX 1,103 ($14.41) and a one year high of GBX 1,662.40 ($21.72).
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.
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