BHP Billiton (BLT) Trading Up 0% After Analyst Upgrade
BHP Billiton plc (LON:BLT)’s share price was up 0% during mid-day trading on Thursday after JPMorgan Chase & Co. raised their price target on the stock from GBX 1,400 to GBX 1,405. JPMorgan Chase & Co. currently has a neutral rating on the stock. BHP Billiton traded as high as GBX 1,628.80 ($22.09) and last traded at GBX 1,628 ($22.08). Approximately 10,230,674 shares changed hands during trading, an increase of 53% from the average daily volume of 6,680,000 shares. The stock had previously closed at GBX 1,628 ($22.08).
Other equities analysts have also issued reports about the stock. Deutsche Bank restated a “buy” rating and set a GBX 1,600 ($21.70) target price on shares of BHP Billiton in a research report on Monday, September 25th. Citigroup upgraded shares of BHP Billiton to a “buy” rating in a research report on Tuesday, December 5th. Barclays raised their target price on shares of BHP Billiton from GBX 1,300 ($17.63) to GBX 1,375 ($18.65) and gave the stock an “equal weight” rating in a research report on Tuesday, October 24th. raised their target price on shares of BHP Billiton from GBX 1,500 ($20.34) to GBX 1,530 ($20.75) and gave the stock a “hold” rating in a research report on Thursday, October 19th. Finally, Jefferies Group restated a “hold” rating and set a GBX 1,500 ($20.34) target price on shares of BHP Billiton in a research report on Thursday, October 19th. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of GBX 1,384 ($18.77).
The stock has a market cap of $92,780.00 and a P/E ratio of 2,009.02.
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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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