BHP Billiton (LON:BLT) Stock Rating Reaffirmed by UBS Group
UBS Group reaffirmed their buy rating on shares of BHP Billiton (LON:BLT) in a research note issued to investors on Wednesday, July 18th, www.boersen-zeitung.de reports. The firm currently has a GBX 2,000 ($25.89) target price on the mining company’s stock.
BLT has been the topic of several other research reports. Liberum Capital reiterated a sell rating and set a GBX 800 ($10.36) price target on shares of BHP Billiton in a research report on Monday, April 9th. Royal Bank of Canada raised shares of BHP Billiton to a sector performer rating in a research note on Wednesday, April 4th. BMO Capital Markets reaffirmed a market perform rating and set a GBX 1,800 ($23.30) price target on shares of BHP Billiton in a research note on Tuesday, July 10th. Citigroup raised shares of BHP Billiton to a buy rating and set a GBX 1,600 ($20.71) price target for the company in a research note on Friday, April 20th. Finally, Goldman Sachs Group raised shares of BHP Billiton to a buy rating in a research note on Monday, April 23rd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company. BHP Billiton has an average rating of Hold and an average target price of GBX 1,667.84 ($21.59).
Shares of BHP Billiton traded down GBX 24 ($0.31), reaching GBX 1,696 ($21.95), on Wednesday, MarketBeat.com reports. 8,291,513 shares of the company’s stock were exchanged, compared to its average volume of 9,690,000. BHP Billiton has a twelve month low of GBX 1,103 ($14.28) and a twelve month high of GBX 1,662.40 ($21.52).
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, thermal energy coal, and oil and gas properties.
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