BHP Billiton (BLT) Receives Hold Rating from Jefferies Group
BHP Billiton (LON:BLT)‘s stock had its “hold” rating reissued by investment analysts at Jefferies Group in a report released on Monday. They presently have a GBX 1,500 ($20.19) target price on the mining company’s stock. Jefferies Group’s price objective indicates a potential upside of 10.29% from the company’s current price.
A number of other analysts have also recently weighed in on the stock. Barclays reaffirmed an “equal weight” rating and issued a GBX 1,375 ($18.51) price objective on shares of BHP Billiton in a report on Wednesday, November 29th. Deutsche Bank reaffirmed a “buy” rating and issued a GBX 1,650 ($22.21) price objective on shares of BHP Billiton in a report on Wednesday, November 29th. Citigroup reaffirmed a “neutral” rating on shares of BHP Billiton in a report on Wednesday, November 29th. reaffirmed a “hold” rating and issued a GBX 1,320 ($17.77) price objective on shares of BHP Billiton in a report on Friday, August 18th. Finally, Liberum Capital reaffirmed a “sell” rating and issued a GBX 800 ($10.77) price objective on shares of BHP Billiton in a report on Monday, November 27th. Six analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of GBX 1,362.23 ($18.33).
Shares of BHP Billiton (BLT) traded up GBX 13 ($0.17) during trading hours on Monday, hitting GBX 1,360 ($18.30). 9,018,745 shares of the company’s stock were exchanged, compared to its average volume of 7,880,000. BHP Billiton has a 52 week low of GBX 1,103 ($14.85) and a 52 week high of GBX 1,518.50 ($20.44).
BHP Billiton 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.
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