BHP Billiton (LON:BLT) had its price objective upped by investment analysts at Barclays from GBX 1,375 ($18.51) to GBX 1,480 ($19.92) in a research note issued to investors on Wednesday. The firm presently has an “equal weight” rating on the mining company’s stock. Barclays’ price objective indicates a potential upside of 10.70% from the company’s current price.
Several other equities research analysts have also recently issued reports on the company. Citigroup upgraded BHP Billiton to a “buy” rating in a report on Tuesday. Jefferies Group restated a “hold” rating and set a GBX 1,500 ($20.19) price objective on shares of BHP Billiton in a report on Monday. Deutsche Bank restated a “buy” rating and set a GBX 1,650 ($22.21) price objective on shares of BHP Billiton in a report on Wednesday, November 29th. Liberum Capital restated a “sell” rating and set a GBX 800 ($10.77) price objective on shares of BHP Billiton in a report on Monday, November 27th. Finally, Morgan Stanley restated an “overweight” rating and set a GBX 1,500 ($20.19) price objective on shares of BHP Billiton in a report on Thursday, November 23rd. Six research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. BHP Billiton has an average rating of “Hold” and an average price target of GBX 1,367 ($18.40).
BHP Billiton (LON BLT) traded down GBX 8 ($0.11) during mid-day trading on Wednesday, hitting GBX 1,337 ($17.99). The stock had a trading volume of 6,491,266 shares, compared to its average volume of 7,980,000. BHP Billiton has a 1-year low of GBX 1,103 ($14.85) and a 1-year high of GBX 1,518.50 ($20.44).
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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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