BHP Billiton (LON:BLT) had its target price raised by Citigroup from GBX 1,550 ($21.76) to GBX 1,600 ($22.46) in a research report sent to investors on Thursday. Citigroup currently has a buy rating on the mining company’s stock.
A number of other analysts have also recently weighed in on the stock. Liberum Capital restated a sell rating and set a GBX 800 ($11.23) target price on shares of BHP Billiton in a report on Wednesday, January 24th. Deutsche Bank raised their target price on shares of BHP Billiton from GBX 1,650 ($23.16) to GBX 1,900 ($26.67) and gave the stock a buy rating in a report on Monday, January 15th. Morgan Stanley restated an overweight rating and set a GBX 1,610 ($22.60) target price on shares of BHP Billiton in a report on Thursday, January 18th. JPMorgan Chase upped their price target on shares of BHP Billiton from GBX 1,405 ($19.72) to GBX 1,560 ($21.90) and gave the company a neutral rating in a research report on Friday, January 19th. Finally, Barclays upped their price target on shares of BHP Billiton from GBX 1,375 ($19.30) to GBX 1,480 ($20.77) and gave the company an equal weight rating in a research report on Wednesday, December 6th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of GBX 1,474.68 ($20.70).
Shares of LON:BLT opened at GBX 1,388.80 ($19.49) on Thursday. BHP Billiton has a 1-year low of GBX 1,103 ($15.48) and a 1-year high of GBX 1,662.40 ($23.34).
The business also recently announced a dividend, which was paid on Tuesday, March 27th. Shareholders of record on Thursday, March 8th were given a $0.55 dividend. This is an increase from BHP Billiton’s previous dividend of $0.43. The ex-dividend date of this dividend was Thursday, March 8th. This represents a yield of 2.6%.
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BHP Billiton Company Profile
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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