BHP Billiton (BLT) Given New GBX 1,405 Price Target at JPMorgan Chase & Co.
BHP Billiton (LON:BLT) had its price objective boosted by analysts at JPMorgan Chase & Co. from GBX 1,400 ($18.99) to GBX 1,405 ($19.05) in a research note issued on Thursday. The brokerage presently has a “neutral” rating on the mining company’s stock. JPMorgan Chase & Co.’s price target suggests a potential downside of 13.45% from the stock’s previous close.
Other equities analysts have also recently issued reports about the company. Citigroup reissued a “neutral” rating on shares of BHP Billiton in a report on Wednesday, November 29th. Macquarie reissued an “outperform” rating and set a GBX 1,600 ($21.70) price target on shares of BHP Billiton in a report on Thursday, October 19th. Deutsche Bank reissued a “buy” rating and set a GBX 1,600 ($21.70) price target on shares of BHP Billiton in a report on Monday, September 25th. Credit Suisse Group increased their price target on BHP Billiton from GBX 1,380 ($18.71) to GBX 1,430 ($19.39) and gave the company a “neutral” rating in a report on Thursday, October 26th. Finally, Barclays increased their price target 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 issued a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of GBX 1,384 ($18.77).
BHP Billiton (BLT) opened at GBX 1,623.40 ($22.02) on Thursday. The firm has a market capitalization of $92,880.00 and a price-to-earnings ratio of 1,979.76. BHP Billiton has a twelve month low of GBX 1,103 ($14.96) and a twelve month high of GBX 1,627.20 ($22.07).
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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