BHP Billiton’s (BLT) Buy Rating Reiterated at UBS Group

UBS Group reaffirmed their buy rating on shares of BHP Billiton (LON:BLT) in a research note released on Wednesday morning, reports.

A number of other equities analysts also recently issued reports on the company. Credit Suisse Group reissued a neutral rating on shares of BHP Billiton in a research report on Friday, October 5th. Deutsche Bank increased their price target on BHP Billiton from GBX 1,800 ($23.52) to GBX 1,820 ($23.78) and gave the stock a hold rating in a research report on Tuesday, October 2nd. Morgan Stanley cut BHP Billiton to an equal weight rating in a research note on Tuesday, September 25th. JPMorgan Chase & Co. restated a neutral rating on shares of BHP Billiton in a research note on Monday, September 10th. Finally, Citigroup restated a buy rating on shares of BHP Billiton in a research note on Friday, August 24th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the company’s stock. BHP Billiton currently has a consensus rating of Hold and a consensus target price of GBX 1,736.41 ($22.69).

BLT opened at GBX 1,576.40 ($20.60) on Wednesday. BHP Billiton has a 12-month low of GBX 1,103 ($14.41) and a 12-month high of GBX 1,662.40 ($21.72).

The business also recently disclosed a dividend, which was paid on Tuesday, September 25th. Investors of record on Thursday, September 6th were paid a dividend of $0.63 per share. This is a boost from BHP Billiton’s previous dividend of $0.55. This represents a dividend yield of 3.03%. The ex-dividend date was Thursday, September 6th.

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, thermal energy coal, and oil and gas properties.

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Analyst Recommendations for BHP Billiton (LON:BLT)

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