The stock of BHP Billiton plc (LON:BLT) hit a new 52-week high and has GBX 2071.46 target or 56.00% above today’s GBX 1327.86 share price. The 8 months bullish chart indicates low risk for the GBX 77.35 billion company. The 1-year high was reported on Nov, 9 by Barchart.com. If the GBX 2071.46 price target is reached, the company will be worth GBX 43.32B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 3.82% or GBX 48.86 on November 9, hitting GBX 1327.86. About 21.29M shares traded hands or 123.40% up from the average. BHP Billiton plc (LON:BLT) has risen 64.35% since April 11, 2016 and is uptrending. It has outperformed by 59.57% the S&P500.
BHP Billiton plc (LON:BLT) Ratings Coverage
Out of 29 analysts covering BHP Billiton PLC (LON:BLT), 9 rate it a “Buy”, 4 “Sell”, while 16 “Hold”. This means 31% are positive. GBX 1850 is the highest target while GBX 515 is the lowest. The GBX 1030.67 average target is -22.38% below today’s (GBX 1327.86) stock price. BHP Billiton PLC has been the topic of 331 analyst reports since July 22, 2015 according to StockzIntelligence Inc. As per Monday, May 23, the company rating was maintained by Deutsche Bank. The stock has “Equal Weight” rating given by Barclays Capital on Tuesday, November 10. The firm has “Buy” rating given on Friday, July 31 by Citigroup. The firm has “Equal Weight” rating given on Wednesday, September 21 by Barclays Capital. The firm earned “Neutral” rating on Friday, November 13 by Credit Suisse. On Thursday, June 30 the stock rating was upgraded by Haitong Securities to “Buy”. The firm has “Neutral” rating given on Monday, July 27 by Credit Suisse. The stock of BHP Billiton plc (LON:BLT) earned “Underperform” rating by Macquarie Research on Thursday, May 26. Deutsche Bank maintained the shares of BLT in a report on Monday, August 17 with “Hold” rating. Liberum Capital maintained it with “Sell” rating and GBX 550 target price in Friday, January 22 report.
BHP Billiton Plc is a global resources company. The company has a market cap of 77.35 billion GBP. The Firm is a producer of various commodities, including iron ore, metallurgical coal, copper and uranium. It currently has negative earnings. The Company’s divisions include Petroleum, Copper, Iron Ore and Coal.
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