BHP Billiton (LON:BLT)‘s stock had its “buy” rating reiterated by equities research analysts at Investec in a research note issued on Friday.
Several other research analysts have also issued reports on the stock. Citigroup upgraded shares of BHP Billiton to a “buy” rating in a research report on Tuesday, December 5th. Societe Generale lifted their price target on shares of BHP Billiton from GBX 700 ($9.67) to GBX 1,404 ($19.40) and gave the stock a “hold” rating in a research report on Thursday, November 9th. Macquarie restated an “outperform” rating and issued a GBX 1,600 ($22.11) price target on shares of BHP Billiton in a research report on Thursday, November 16th. Morgan Stanley restated an “overweight” rating and issued a GBX 1,500 ($20.72) price target on shares of BHP Billiton in a research report on Thursday, November 23rd. Finally, Deutsche Bank lifted their price target on shares of BHP Billiton from GBX 1,650 ($22.80) to GBX 1,900 ($26.25) and gave the stock a “buy” rating in a research report on Monday, January 15th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 1,446.61 ($19.99).
BHP Billiton (LON BLT) opened at GBX 1,435.80 ($19.84) on Friday. The company has a market cap of $81,620.00 and a P/E ratio of 1,613.26. BHP Billiton has a 12 month low of GBX 1,103 ($15.24) and a 12 month high of GBX 1,662.40 ($22.97).
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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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