BHP Billiton (BLT) Upgraded by Societe Generale to “Buy”

Societe Generale upgraded shares of BHP Billiton (LON:BLT) to a buy rating in a research report released on Thursday. Societe Generale currently has GBX 1,780 ($23.26) price objective on the mining company’s stock, up from their previous price objective of GBX 1,600 ($20.91).

Several other research firms have also commented on BLT. HSBC set a GBX 1,860 ($24.30) price objective on shares of BHP Billiton and gave the company a neutral rating in a research report on Monday, July 30th. JPMorgan Chase & Co. set a GBX 1,945 ($25.41) price objective on shares of BHP Billiton and gave the company a neutral rating in a research report on Monday, July 30th. BMO Capital Markets reiterated a market perform rating and set a GBX 1,800 ($23.52) price objective on shares of BHP Billiton in a research report on Tuesday, July 10th. Citigroup reiterated a buy rating and set a GBX 1,900 ($24.83) price objective on shares of BHP Billiton in a research report on Tuesday, August 14th. Finally, Morgan Stanley reiterated an overweight rating on shares of BHP Billiton in a research report on Friday, June 29th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of GBX 1,772.81 ($23.16).

BLT stock traded down GBX 0.40 ($0.01) during trading on Thursday, hitting GBX 1,518.60 ($19.84). 7,087,650 shares of the company’s stock traded hands, compared to its average volume of 9,690,000. BHP Billiton has a 52 week low of GBX 1,103 ($14.41) and a 52 week high of GBX 1,662.40 ($21.72).



About BHP Billiton

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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Analyst Recommendations for BHP Billiton (LON:BLT)

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