BHP Billiton plc (LON:BLT) was upgraded by stock analysts at Jefferies Group to a "buy" rating in a research note issued on Tuesday, MarketBeat.com reports. The brokerage currently has a GBX 1,250 ($16.42) price target on the mining company's stock, up from their previous price target of GBX 1,100 ($14.45). Jefferies Group's price objective would suggest a potential upside of 21.01% from the stock's previous close.
Shares of BHP Billiton plc opened at 1062.50 on Tuesday, MarketBeat.com reports. The firm's 50-day moving average price is GBX 987.53 and its 200 day moving average price is GBX 861.06. The firm's market cap is GBX 56.55 billion. BHP Billiton plc has a one year low of GBX 571.60 and a one year high of GBX 1,203.50.
Other analysts have also issued reports about the company. Deutsche Bank AG reiterated a "hold" rating and set a GBX 1,230 ($16.16) price objective on shares of BHP Billiton plc in a research note on Monday, MarketBeat.com reports. Macquarie reiterated a "neutral" rating and set a GBX 1,070 ($14.06) price objective on shares of BHP Billiton plc in a research note on Tuesday, MarketBeat.com reports. JPMorgan Chase & Co boosted their price objective on BHP Billiton plc from GBX 780 ($10.25) to GBX 800 ($10.51) and gave the company an "underweight" rating in a research note on Thursday, May 5th. Credit Suisse Group AG decreased their price objective on BHP Billiton plc from GBX 1,050 ($13.80) to GBX 900 ($11.82) and set an "outperform" rating on the stock in a research note on Tuesday, May 17th. Finally, Barclays PLC upgraded BHP Billiton plc to an "equal weight" rating and boosted their price objective for the company from GBX 515 ($6.77) to GBX 875 ($11.50) in a research note on Thursday, May 5th. Four research analysts have rated the stock with a sell rating, seventeen have given a hold rating and seven have assigned a buy rating to the company's stock. The company presently has an average rating of "Hold" and an average target price of GBX 966.11 ($12.69).
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 oil and gas.