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Research Analysts at JPMorgan Upped BHP Billiton (NYSE:BHP) from Underweight to Neutral Rating

JP Morgan Analyst Rating Change BHP Billiton NYSE:BHP

BHP Billiton (NYSE:BHP) Upgrade of Rating

New York-listed Bhp Billiton (NYSE:BHP), was boosted by research analysts at JPMorgan. The firm boosted its rating on the $104.18 billion market cap company to Neutral from a previous Underweight.

The company’s rating upgrade is well-received by investors, as NYSE:BHP is right now trading 0.27% higher at $41.03 as of 2:05 PM New York time. BHP Billiton shares have [From2] 0% in the last 200 days, while the S&P500 Index has surged 6.00% for the same time.

According to data compiled by Thomson Reuters, BHP Billiton (NYSE:BHP)’s stock is covered by 4 equity analysts across the Street, with 0 analysts giving it a Sell rating, 1 a Buy rating, while 4 consider it a Hold. The 12-month consensus target price for the stock is $27.97, which reflects an downside potential of 31.83% over the current price.

BHP Stock Chart

BHP Billiton (NYSE:BHP) Profile

BHP Billiton Limited 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.

BHP Billiton (NYSE:BHP) traded up 0.27% on 14 December, hitting $41.03. A total of 1.59 million shares of the company’s stock traded hands. This is down from average of 2.54 million shares. BHP Billiton has a 52 week low of $33.31 and a 52 week high of $44.62. The company has a market cap of $104.18 billion and a P/E ratio of 18.59.

Get the latest BHP Billiton (NYSE:BHP) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post Research Analysts at JPMorgan Upped BHP Billiton (NYSE:BHP) from Underweight to Neutral Rating appeared first on Octafinance.



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Research Analysts at JPMorgan Upped BHP Billiton (NYSE:BHP) from Underweight to Neutral Rating

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