BHP Billiton (BLT) Price Target Raised to GBX 1,650
BHP Billiton (LON:BLT) had its target price upped by research analysts at Barclays from GBX 1,480 ($20.07) to GBX 1,650 ($22.38) in a note issued to investors on Monday. The brokerage currently has an “equal weight” rating on the mining company’s stock. Barclays’ price objective would suggest a potential upside of 2.68% from the stock’s previous close.
Other equities research analysts also recently issued reports about the company. Citigroup reaffirmed a “neutral” rating on shares of BHP Billiton in a research note on Wednesday, November 29th. Macquarie reaffirmed an “outperform” rating and set a GBX 1,600 ($21.70) price target on shares of BHP Billiton in a research note on Thursday, October 19th. Deutsche Bank reaffirmed a “buy” rating and set a GBX 1,600 ($21.70) price target on shares of BHP Billiton in a research note on Monday, September 25th. Credit Suisse Group raised their price target on BHP Billiton from GBX 1,380 ($18.71) to GBX 1,430 ($19.39) and gave the stock a “neutral” rating in a research note on Thursday, October 26th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a GBX 1,235 ($16.75) price target on shares of BHP Billiton in a research note on Thursday, October 19th. Six investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. BHP Billiton presently has a consensus rating of “Hold” and a consensus price target of GBX 1,375.90 ($18.66).
Shares of BHP Billiton (BLT) opened at GBX 1,607 ($21.79) on Monday. BHP Billiton has a one year low of GBX 1,103 ($14.96) and a one year high of GBX 1,610.20 ($21.84). The stock has a market capitalization of $91,480.00 and a PE ratio of 1,959.76.
BHP Billiton Company Profile
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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