BHP Billiton (LON:BLT) was upgraded by stock analysts at Goldman Sachs to a “neutral” rating in a research note issued to investors on Wednesday, March 14th. The firm presently has a GBX 1,500 ($21.06) price objective on the mining company’s stock, up from their previous price objective of GBX 1,150 ($16.14). Goldman Sachs’ price objective suggests a potential upside of 8.01% from the stock’s previous close.
Other equities research analysts also recently issued research reports about the company. Citigroup raised BHP Billiton to a “buy” rating in a report on Tuesday, December 5th. Liberum Capital reiterated a “sell” rating and issued a GBX 800 ($11.23) price target on shares of BHP Billiton in a research note on Wednesday, January 24th. Macquarie reiterated an “outperform” rating and issued a GBX 1,600 ($22.46) price target on shares of BHP Billiton in a research note on Thursday, November 16th. Morgan Stanley reiterated an “overweight” rating and issued a GBX 1,500 ($21.06) price target on shares of BHP Billiton in a research note on Thursday, November 23rd. Finally, Deutsche Bank raised their target price on BHP Billiton from GBX 1,650 ($23.16) to GBX 1,900 ($26.67) and gave the stock a “buy” rating in a research report on Monday, January 15th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of GBX 1,474.68 ($20.70).
Shares of BHP Billiton stock traded down GBX 21.20 ($0.30) on Wednesday, hitting GBX 1,388.80 ($19.49). The stock had a trading volume of 4,404,223 shares, compared to its average volume of 9,690,000. BHP Billiton has a twelve month low of GBX 1,103 ($15.48) and a twelve month high of GBX 1,662.40 ($23.34).
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About BHP Billiton
BHP Billiton Plc, together with its subsidiaries, discovers, acquires, develops, and markets natural resources worldwide. It operates through four segments: Petroleum, Copper, Iron Ore, and Coal. The company explores for copper, silver, lead, zinc, molybdenum, uranium, gold, and iron ores, as well as metallurgical coal, thermal energy coal, and oil and gas properties.
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