BHP Billiton plc (LON:BLT) rose 0% during mid-day trading on Friday . The stock traded as high as GBX 1,367 ($18.31) and last traded at GBX 1,347 ($18.04). Approximately 6,528,313 shares traded hands during mid-day trading, a decline of 14% from the average daily volume of 7,560,000 shares. The stock had previously closed at GBX 1,347 ($18.04).
BLT has been the topic of several analyst reports. Macquarie reissued an “outperform” rating and issued a GBX 1,600 ($21.43) price target on shares of BHP Billiton in a report on Tuesday, October 10th. Citigroup lowered shares of BHP Billiton to a “neutral” rating and boosted their price target for the company from GBX 1,350 ($18.08) to GBX 1,400 ($18.75) in a report on Wednesday, August 23rd. Deutsche Bank boosted their price target on shares of BHP Billiton from GBX 1,600 ($21.43) to GBX 1,650 ($22.10) and gave the company a “buy” rating in a report on Friday, October 13th. J P Morgan Chase & Co reissued an “underweight” rating and issued a GBX 1,235 ($16.54) price target on shares of BHP Billiton in a report on Friday, October 27th. Finally, boosted their price target on shares of BHP Billiton from GBX 1,500 ($20.09) to GBX 1,530 ($20.49) and gave the company a “hold” rating in a report on Thursday, October 19th. Six research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of GBX 1,362.23 ($18.24).
About BHP Billiton
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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