BHP Billiton plc (LON:BLT) was up 0% during trading on Friday after JPMorgan Chase & Co. raised their price target on the stock from GBX 1,405 to GBX 1,560. JPMorgan Chase & Co. currently has a neutral rating on the stock. BHP Billiton traded as high as GBX 1,620.20 ($21.97) and last traded at GBX 1,613.80 ($21.89). Approximately 7,716,849 shares traded hands during mid-day trading, an increase of 19% from the average daily volume of 6,510,000 shares. The stock had previously closed at GBX 1,613.80 ($21.89).

Several other equities research analysts also recently issued reports on the company. Deutsche Bank reiterated a “buy” rating and issued a GBX 1,600 ($21.70) price objective on shares of BHP Billiton in a report on Monday, September 25th. Macquarie reiterated an “outperform” rating and issued a GBX 1,600 ($21.70) price objective on shares of BHP Billiton in a report on Tuesday, September 26th. Jefferies Group reiterated a “hold” rating and issued a GBX 1,500 ($20.34) price objective on shares of BHP Billiton in a report on Thursday, October 19th. boosted their price objective on BHP Billiton from GBX 1,500 ($20.34) to GBX 1,530 ($20.75) and gave the company a “hold” rating in a report on Thursday, October 19th. Finally, Barclays boosted their price objective on BHP Billiton from GBX 1,300 ($17.63) to GBX 1,375 ($18.65) and gave the company an “equal weight” rating in a report on Tuesday, October 24th. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of GBX 1,408.52 ($19.10).

The firm has a market cap of $91,510.00 and a PE ratio of 2,042.78.

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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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