BHP Billiton (LON:BLT) had its price objective increased by Barclays from GBX 2,100 ($27.44) to GBX 2,150 ($28.09) in a report issued on Thursday. The brokerage presently has an “overweight” rating on the mining company’s stock. Barclays‘s price objective points to a potential upside of 36.68% from the company’s current price.
Several other equities analysts have also commented on BLT. Deutsche Bank reaffirmed a “hold” rating and issued a GBX 1,800 ($23.52) price objective on shares of BHP Billiton in a research report on Wednesday, September 19th. UBS Group reaffirmed a “buy” rating and issued a GBX 2,000 ($26.13) price objective on shares of BHP Billiton in a research report on Wednesday, September 19th. Morgan Stanley lowered shares of BHP Billiton to an “equal weight” rating in a research report on Tuesday, September 25th. Credit Suisse Group reaffirmed a “neutral” rating on shares of BHP Billiton in a research report on Friday, October 5th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of BHP Billiton in a report on Thursday, October 18th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of GBX 1,757.19 ($22.96).
Shares of BHP Billiton stock opened at GBX 1,573 ($20.55) on Thursday. BHP Billiton has a 52 week low of GBX 1,103 ($14.41) and a 52 week high of GBX 1,662.40 ($21.72).
BHP Billiton Plc, together with its subsidiaries, discovers, acquires, develops, and markets natural resources worldwide. It operates through four segments: Petroleum, Copper, Iron Ore, and Coal. The company explores for copper, silver, lead, zinc, molybdenum, uranium, gold, and iron ores, as well as metallurgical coal, energy coal, and oil and gas.
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