BHP Billiton Limited Receives Buy Rating from Deutsche Bank (BHP)
BHP Billiton Limited (ASX:BHP)‘s stock had its “buy” rating reiterated by stock analysts at Deutsche Bank in a report issued on Tuesday, American Banking News reports. They currently have a $43.50 price objective on the stock.
Shares of BHP Billiton Limited (ASX:BHP) traded down 0.01% on Tuesday, hitting A$38.005. 2,658,257 shares of the company’s stock traded hands. BHP Billiton Limited has a 52-week low of A$30.430 and a 52-week high of A$39.790. The stock’s 50-day moving average is A$36.93 and its 200-day moving average is A$37.02. The company has a market cap of A$202.2 billion and a P/E ratio of 13.62.
A number of other firms have also recently commented on BHP. Analysts at RBC Capital reiterated an “outperform” rating on shares of BHP Billiton Limited in a research note on Wednesday, April 16th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. BHP Billiton Limited currently has a consensus rating of “Buy” and an average target price of A$43.15 ($40.33).
BHP Billiton Limited is diversified natural resources company. The Company generally operates through customer sector groups (ASX:BHP).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.