BHP Billiton (BHP) Upgraded by J P Morgan Chase & Co to “Neutral”
Several other equities analysts have also recently issued reports on BHP. Cowen set a $43.00 price objective on BHP Billiton and gave the stock a hold rating in a report on Thursday, August 24th. BidaskClub raised BHP Billiton from a buy rating to a strong-buy rating in a report on Saturday, August 26th. Royal Bank of Canada cut BHP Billiton from a sector perform rating to an underperform rating in a report on Thursday, August 31st. They noted that the move was a valuation call. Raymond James Financial cut BHP Billiton from a market perform rating to an underperform rating in a report on Friday, September 1st. Finally, BNP Paribas cut BHP Billiton from a neutral rating to an underperform rating in a report on Wednesday, September 6th. Five research analysts have rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $36.52.
Shares of BHP Billiton (BHP) traded up $0.74 during mid-day trading on Thursday, reaching $43.08. The company had a trading volume of 3,545,200 shares, compared to its average volume of 2,694,351. BHP Billiton has a 52-week low of $33.37 and a 52-week high of $44.62. The company has a quick ratio of 1.53, a current ratio of 1.85 and a debt-to-equity ratio of 0.47.
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BHP Billiton Company Profile
BHP Billiton Limited 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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