BHP Billiton Limited Rating Reiterated by JPMorgan Chase & Co. (BHP)
BHP Billiton Limited (ASX:BHP)‘s stock had its “neutral” rating reaffirmed by research analysts at JPMorgan Chase & Co. in a report released on Wednesday. They currently have a $37.16 target price on the stock, down from their previous target price of $40.00.
Shares of BHP Billiton Limited (ASX:BHP) traded down 0.75% during mid-day trading on Wednesday, hitting A$37.170. 6,847,443 shares of the company’s stock traded hands. BHP Billiton Limited has a one year low of A$30.430 and a one year high of A$39.790. The stock has a 50-day moving average of A$37.65 and a 200-day moving average of A$37.27. The company has a market cap of A$197.8 billion and a price-to-earnings ratio of 13.42.
A number of other analysts have also recently weighed in on BHP. Analysts at Deutsche Bank reiterated a “buy” rating on shares of BHP Billiton Limited in a research note on Sunday, May 11th. They now have a $43.50 price target on the stock. Separately, analysts at RBC Capital reiterated an “outperform” rating on shares of BHP Billiton Limited in a research note on Sunday, May 11th. Finally, analysts at RBC Capital reiterated an “outperform” rating on shares of BHP Billiton Limited in a research note on Friday, May 2nd.
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.