BHP Billiton (LON:BLT) had its price objective lifted by JPMorgan Chase & Co. from GBX 1,405 ($19.05) to GBX 1,560 ($21.16) in a research report issued to clients and investors on Friday. The brokerage currently has a “neutral” rating on the mining company’s stock. JPMorgan Chase & Co.’s price target would suggest a potential downside of 3.33% from the company’s current price.
BLT has been the topic of a number of other reports. Citigroup raised BHP Billiton to a “buy” rating in a research note on Tuesday, December 5th. Deutsche Bank lifted their price target on 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. Macquarie reaffirmed an “outperform” rating and issued a GBX 1,600 ($21.70) price target on shares of BHP Billiton in a research note on Thursday, October 26th. Societe Generale lifted their price target on BHP Billiton from GBX 700 ($9.49) to GBX 1,404 ($19.04) and gave the stock a “hold” rating in a research note on Thursday, November 9th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a GBX 1,500 ($20.34) price target on shares of BHP Billiton in a research note on Thursday, November 23rd. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of GBX 1,408.52 ($19.10).
Shares of BHP Billiton (LON BLT) traded up GBX 18 ($0.24) during midday trading on Friday, hitting GBX 1,613.80 ($21.89). The company had a trading volume of 9,184,232 shares, compared to its average volume of 6,510,000. The stock has a market cap of $91,270.00 and a PE ratio of 2,042.78. BHP Billiton has a 52 week low of GBX 1,103 ($14.96) and a 52 week high of GBX 1,662.40 ($22.54).
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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