BHP Billiton Limited Earns “Buy” Rating from Deutsche Bank (BHP)
BHP Billiton Limited (ASX:BHP)‘s stock had its “buy” rating reiterated by analysts at Deutsche Bank in a research report issued to clients and investors on Thursday. They currently have a $43.60 price target on the stock.
Shares of BHP Billiton Limited (ASX:BHP) traded down 1.21% during mid-day trading on Thursday, hitting A$36.880. The stock had a trading volume of 7,468,400 shares. BHP Billiton Limited has a 52-week low of A$34.350 and a 52-week high of A$39.790. The stock has a 50-day moving average of A$38.26 and a 200-day moving average of A$37.44. The company has a market cap of A$196.2 billion and a P/E ratio of 14.41.
A number of other analysts have also recently weighed in on BHP. Analysts at Morningstar reiterated an “accumulate” rating on shares of BHP Billiton Limited in a research note on Sunday, August 10th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of A$41.19 ($38.14).
BHP Billiton Limited is diversified natural resources company. The Company generally operates through customer sector groups (ASX:BHP).
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