re: target price lifted to $78 That historical P/E that you are referring to, is last year's FYE 31/12/04.
Already history.
Markets are forward looking. P/E FYE 31/12/05 to be known on 2/2/06 will be lower. The market then looks at prospective P/E FYE 31/12/06 and 31/12/07 and price the shares based on expectations.
results and impact on bhp, page-16
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$123.92 |
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2.260(1.86%) |
Mkt cap ! $45.92B | |||
| Open | High | Low | Value | Volume |
| $123.90 | $124.47 | $122.50 | $91.20M | 738.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 297 | $123.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $123.93 | 37 | 4 |
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