BHP Billiton (BLT) Receives “Neutral” Rating from Credit Suisse Group

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Credit Suisse Group restated their neutral rating on shares of BHP Billiton (LON:BLT) in a research report released on Wednesday.

Other equities analysts have also issued reports about the company. Goldman Sachs Group set a GBX 2,050 ($26.44) price objective on BHP Billiton and gave the stock a buy rating in a research note on Wednesday, July 18th. UBS Group restated a buy rating on shares of BHP Billiton in a research note on Friday, July 6th. Citigroup restated a buy rating on shares of BHP Billiton in a research note on Tuesday, June 26th. Deutsche Bank restated a buy rating on shares of BHP Billiton in a research note on Thursday, July 19th. Finally, HSBC boosted their price target on BHP Billiton from GBX 1,740 ($22.45) to GBX 1,870 ($24.12) and gave the company a hold rating in a research note on Thursday, June 21st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the stock. BHP Billiton currently has an average rating of Hold and a consensus price target of GBX 1,714.65 ($22.12).

BHP Billiton stock opened at GBX 1,563.60 ($20.17) on Wednesday. BHP Billiton has a 52 week low of GBX 1,103 ($14.23) and a 52 week high of GBX 1,662.40 ($21.44).

The company also recently declared a dividend, which will be paid on Tuesday, September 25th. Investors of record on Thursday, September 6th will be paid a dividend of $0.63 per share. This represents a yield of 3.03%. This is a positive change from BHP Billiton’s previous dividend of $0.55. The ex-dividend date of this dividend is Thursday, September 6th.

BHP Billiton Company Profile

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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Analyst Recommendations for BHP Billiton (LON:BLT)

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