BHP Billiton (BLT) Trading Up 0% Following Analyst Upgrade

BHP Billiton plc (LON:BLT) rose 0% during trading on Friday after JPMorgan Chase & Co. raised their price target on the stock from GBX 1,405 to GBX 1,560. JPMorgan Chase & Co. currently has a neutral rating on the stock. BHP Billiton traded as high as GBX 1,620.20 ($21.97) and last traded at GBX 1,613.80 ($21.89). Approximately 7,716,849 shares changed hands during mid-day trading, an increase of 19% from the average daily volume of 6,510,000 shares. The stock had previously closed at GBX 1,613.80 ($21.89).

A number of other research analysts have also recently weighed in on BLT. Deutsche Bank reiterated a “buy” rating and issued a GBX 1,600 ($21.70) target price on shares of BHP Billiton in a report on Monday, September 25th. Macquarie reiterated an “outperform” rating and issued a GBX 1,600 ($21.70) target price on shares of BHP Billiton in a report on Tuesday, September 26th. Jefferies Group reiterated a “hold” rating and issued a GBX 1,500 ($20.34) target price on shares of BHP Billiton in a report on Thursday, October 19th. lifted their target price on BHP Billiton from GBX 1,500 ($20.34) to GBX 1,530 ($20.75) and gave the company a “hold” rating in a report on Thursday, October 19th. Finally, Barclays lifted their target price on BHP Billiton from GBX 1,300 ($17.63) to GBX 1,375 ($18.65) and gave the company an “equal weight” rating in a report on Tuesday, October 24th. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. BHP Billiton has a consensus rating of “Hold” and an average price target of GBX 1,408.52 ($19.10).

The stock has a market cap of $91,270.00 and a P/E ratio of 2,042.78.

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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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