JPMorgan Chase & Co. Increases BHP Billiton (BLT) Price Target to GBX 1,405
BHP Billiton (LON:BLT) had its target price raised by JPMorgan Chase & Co. from GBX 1,400 ($18.99) to GBX 1,405 ($19.05) in a report issued on Thursday. The brokerage currently has a neutral rating on the mining company’s stock.
A number of other research analysts also recently commented on BLT. Barclays increased their target price on BHP Billiton from GBX 1,480 ($20.07) to GBX 1,650 ($22.38) and gave the stock an equal weight rating in a report on Monday, January 8th. Jefferies Group reaffirmed a hold rating and set a GBX 1,500 ($20.34) target price on shares of BHP Billiton in a report on Thursday, October 19th. Macquarie reaffirmed an outperform rating and set a GBX 1,600 ($21.70) target price on shares of BHP Billiton in a report on Tuesday, October 10th. Credit Suisse Group increased their target price on BHP Billiton from GBX 1,380 ($18.71) to GBX 1,430 ($19.39) and gave the stock a neutral rating in a report on Thursday, October 26th. Finally, Deutsche Bank reaffirmed a buy rating and set a GBX 1,600 ($21.70) target price on shares of BHP Billiton in a report on Monday, September 25th. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of GBX 1,384 ($18.77).
BHP Billiton (LON BLT) traded up GBX 19.40 ($0.26) during trading hours on Thursday, reaching GBX 1,647.40 ($22.34). The company’s stock had a trading volume of 13,466,318 shares, compared to its average volume of 6,730,000. BHP Billiton has a 52 week low of GBX 1,103 ($14.96) and a 52 week high of GBX 1,650.80 ($22.39). The company has a market cap of $92,780.00 and a P/E ratio of 2,009.02.
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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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