BHP Billiton (BLT) Shares Up 2.3%

Shares of BHP Billiton plc (LON:BLT) shot up 2.3% during trading on Monday . The stock traded as high as GBX 1,374 ($18.49) and last traded at GBX 1,372 ($18.47). 6,981,429 shares changed hands during mid-day trading, a decline of 12% from the average session volume of 7,920,000 shares. The stock had previously closed at GBX 1,341.50 ($18.06).

Several research firms have recently commented on BLT. reiterated a “hold” rating and issued a GBX 1,320 ($17.77) price target on shares of BHP Billiton in a research report on Friday, August 18th. Citigroup reiterated a “neutral” rating on shares of BHP Billiton in a research report on Wednesday, November 29th. Jefferies Group increased their price target on shares of BHP Billiton from GBX 1,450 ($19.52) to GBX 1,500 ($20.19) and gave the company a “hold” rating in a research report on Thursday, August 31st. UBS set a GBX 1,375 ($18.51) price target on shares of BHP Billiton and gave the company a “buy” rating in a research report on Tuesday, August 22nd. Finally, J P Morgan Chase & Co increased their price target on shares of BHP Billiton from GBX 1,190 ($16.02) to GBX 1,235 ($16.62) and gave the company an “underweight” rating in a research report on Tuesday, September 5th. Six investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of GBX 1,367.81 ($18.41).

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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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