BHP Billiton (LON:BLT)‘s stock had its “outperform” rating reiterated by equities researchers at Macquarie in a report issued on Monday. They currently have a GBX 1,900 ($26.64) price objective on the mining company’s stock. Macquarie’s target price would indicate a potential upside of 23.18% from the company’s current price.
Several other equities analysts have also commented on the stock. Citigroup upgraded shares of BHP Billiton to a “buy” rating in a research note on Tuesday, December 5th. Deutsche Bank increased their price target on shares of BHP Billiton from GBX 1,600 ($22.43) to GBX 1,650 ($23.14) and gave the company a “buy” rating in a research note on Friday, October 13th. Societe Generale increased their price target on shares of BHP Billiton from GBX 700 ($9.81) to GBX 1,404 ($19.69) and gave the company a “hold” rating in a research note on Thursday, November 9th. Morgan Stanley reiterated an “overweight” rating and issued a GBX 1,500 ($21.03) price target on shares of BHP Billiton in a research note on Thursday, November 23rd. Finally, Barclays increased their price target on shares of BHP Billiton from GBX 1,375 ($19.28) to GBX 1,480 ($20.75) and gave the company an “equal weight” rating in a research note on Wednesday, December 6th. Four investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of GBX 1,428.95 ($20.04).
Shares of BHP Billiton (LON BLT) traded up GBX 5.20 ($0.07) during trading on Monday, reaching GBX 1,542.40 ($21.63). 8,790,000 shares of the company’s stock traded hands, compared to its average volume of 6,320,000. The stock has a market capitalization of $88,530.00 and a price-to-earnings ratio of 2,003.12. BHP Billiton has a one year low of GBX 1,103 ($15.47) and a one year high of GBX 1,662.40 ($23.31).
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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