BHP Billiton (LON:BLT) had its price target increased by equities research analysts at Barclays from GBX 1,375 ($18.51) to GBX 1,480 ($19.92) in a report issued on Wednesday. The brokerage currently has an “equal weight” rating on the mining company’s stock. Barclays’ target price points to a potential upside of 11.51% from the stock’s current price.
Several other equities research analysts have also weighed in on the company. Jefferies Group increased their target price on BHP Billiton from GBX 1,450 ($19.52) to GBX 1,500 ($20.19) and gave the stock a “hold” rating in a research report on Thursday, August 31st. Deutsche Bank increased their target price on BHP Billiton from GBX 1,600 ($21.53) to GBX 1,650 ($22.21) and gave the stock a “buy” rating in a research report on Friday, October 13th. Macquarie reaffirmed an “outperform” rating and issued a GBX 1,600 ($21.53) target price on shares of BHP Billiton in a research report on Thursday, October 26th. Societe Generale increased their target price on BHP Billiton from GBX 700 ($9.42) to GBX 1,404 ($18.90) and gave the stock a “hold” rating in a research report on Thursday, November 9th. Finally, J P Morgan Chase & Co increased their target price on BHP Billiton from GBX 1,190 ($16.02) to GBX 1,235 ($16.62) and gave the stock an “underweight” rating in a research report on Tuesday, September 5th. Six analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of GBX 1,367.81 ($18.41).
BHP Billiton (LON BLT) opened at GBX 1,327.27 ($17.86) on Wednesday. BHP Billiton has a 12-month low of GBX 1,103 ($14.85) and a 12-month high of GBX 1,518.50 ($20.44).
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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