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 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.
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