BHP Billiton (LON:BLT)‘s stock had its “overweight” rating restated by equities research analysts at Morgan Stanley in a report issued on Thursday. They currently have a GBX 1,610 ($21.83) target price on the mining company’s stock. Morgan Stanley’s price target indicates a potential downside of 0.24% from the stock’s current price.
A number of other research analysts have also weighed in on BLT. JPMorgan Chase & Co. raised their price objective on BHP Billiton from GBX 1,400 ($18.99) to GBX 1,405 ($19.05) and gave the company a “neutral” rating in a research report on Thursday, January 11th. Jefferies Group restated a “hold” rating and set a GBX 1,500 ($20.34) price objective on shares of BHP Billiton in a research report on Thursday, October 19th. Credit Suisse Group raised their price objective on BHP Billiton from GBX 1,380 ($18.71) to GBX 1,430 ($19.39) and gave the company a “neutral” rating in a research report on Thursday, October 26th. Macquarie restated an “outperform” rating and set a GBX 1,600 ($21.70) price objective on shares of BHP Billiton in a research report on Tuesday, October 10th. Finally, Barclays restated an “equal weight” rating and set a GBX 1,375 ($18.65) price objective on shares of BHP Billiton in a research report on Wednesday, November 29th. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus 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 trading on Thursday, hitting GBX 1,613.80 ($21.89). The stock had a trading volume of 9,184,232 shares, compared to its average volume of 6,510,000. The stock has a market capitalization of $91,270.00 and a price-to-earnings 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).
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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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