Morningstar Reiterates “Accumulate” Rating for BHP Billiton Limited (BHP)
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of BHP Billiton Limited in a research note on Thursday, May 29th. They now have a $37.16 price target on the stock, down previously from $40.00. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. BHP Billiton Limited has a consensus rating of “Hold” and a consensus price target of A$41.15 ($38.82).
Shares of BHP Billiton Limited (ASX:BHP) traded down 0.70% during mid-day trading on Friday, hitting A$38.410. The stock had a trading volume of 7,015,318 shares. BHP Billiton Limited has a 52-week low of A$34.350 and a 52-week high of A$39.790. The stock’s 50-day moving average is A$37.34 and its 200-day moving average is A$37.24. The company has a market cap of A$204.4 billion and a P/E ratio of 13.86.
BHP Billiton Limited is diversified natural resources company. The Company generally operates through customer sector groups (ASX:BHP).
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