BHP Billiton (LON:BLT)‘s stock had its “overweight” rating reaffirmed by research analysts at Morgan Stanley in a research note issued to investors on Thursday. They currently have a GBX 1,610 ($21.83) price objective on the mining company’s stock. Morgan Stanley’s price objective would indicate a potential upside of 0.89% from the company’s previous close.
Other equities analysts have also recently issued reports about the stock. Deutsche Bank upped their price target on shares of BHP Billiton from GBX 1,600 ($21.70) to GBX 1,650 ($22.38) and gave the stock a “buy” rating in a research note on Friday, October 13th. Citigroup raised shares of BHP Billiton to a “buy” rating in a research note on Tuesday, December 5th. Barclays upped their price target on shares of BHP Billiton from GBX 1,300 ($17.63) to GBX 1,375 ($18.65) and gave the stock an “equal weight” rating in a research note on Tuesday, October 24th. Societe Generale boosted their price objective on shares of BHP Billiton from GBX 700 ($9.49) to GBX 1,404 ($19.04) and gave the stock a “hold” rating in a research report on Thursday, November 9th. Finally, boosted their price objective on shares of BHP Billiton from GBX 1,500 ($20.34) to GBX 1,530 ($20.75) and gave the stock a “hold” rating in a research report on Thursday, October 19th. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of GBX 1,401.14 ($19.00).
BHP Billiton (LON:BLT) traded down GBX 11.20 ($0.15) during trading hours on Thursday, hitting GBX 1,595.80 ($21.64). 8,010,000 shares of the stock were exchanged, compared to its average volume of 6,460,000. BHP Billiton has a fifty-two week low of GBX 1,103 ($14.96) and a fifty-two week high of GBX 1,662.40 ($22.54). The firm has a market cap of $90,070.00 and a PE ratio of 1,994.75.
About BHP Billiton
BHP Billiton Plc is a global resources company. The Company is a producer of various commodities, including iron ore, metallurgical coal, copper and uranium. Its segments include Petroleum, Copper, Iron Ore and Coal. The Petroleum segment is engaged in the exploration, development and production of oil and gas.
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