BHP Billiton plc (LON:BLT)’s share price reached a new 52-week high during trading on Tuesday after Barclays raised their price target on the stock from GBX 1,480 to GBX 1,650. Barclays currently has an equal weight rating on the stock. BHP Billiton traded as high as GBX 1,610.20 ($21.84) and last traded at GBX 1,606.60 ($21.79), with a volume of 7260000 shares traded. The stock had previously closed at GBX 1,606.60 ($21.79).
A number of other equities analysts have also recently commented on BLT. Macquarie reissued an “outperform” rating and set a GBX 1,660 ($22.51) price target on shares of BHP Billiton in a report on Thursday, September 14th. Deutsche Bank reissued a “buy” rating and set a GBX 1,600 ($21.70) price target on shares of BHP Billiton in a report on Monday, September 25th. Jefferies Group reissued a “hold” rating and set a GBX 1,500 ($20.34) price target on shares of BHP Billiton in a report on Thursday, October 19th. boosted their price target on BHP Billiton from GBX 1,500 ($20.34) to GBX 1,530 ($20.75) and gave the stock a “hold” rating in a report on Thursday, October 19th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and set a GBX 1,235 ($16.75) price target on shares of BHP Billiton in a report on Thursday, October 19th. Six equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of GBX 1,375.90 ($18.66).
The company has a market cap of $91,350.00 and a PE ratio of 1,950.49.
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.
Receive News & Ratings for BHP Billiton Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BHP Billiton and related companies with MarketBeat.com's FREE daily email newsletter.