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RBC Capital announced Baker Hughes (NYSE:BHI), boosting its stock price target to $59.00 today

Having a price of $52.84, Baker Hughes (NYSE:BHI) traded 1.05% higher on the day. The last closing price is up 13.02% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. BHI has recorded a 50-day moving average of $50.13 and a 200-day moving average of $46.75. 4,719,466 shares of BHI traded hands, up from an average trading volume of 3,451,280

In a report issued Monday October 10, 2016 RBC Capital bumped up the target of Baker Hughes (NYSE:BHI) from $50.00 to $59.00 reporting a potential upside of 0.12%.

Recent Performance Chart

Baker Hughes (NYSE:BHI)

Baker Hughes has 52 week low of $37.58 and a 52 week high of $56.81 and has a market cap of $0.

In addition to RBC Capital reporting its target price, a total of 30 firms have reported on the stock. The consensus target price is $50.72 with 10 firms rating the stock a strong buy, 13 firms rating the stock a buy, 8 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 1 firm rating the stock a sell.

General Information About Baker Hughes (NYSE:BHI)

Baker Hughes Incorporated is engaged in the oilfield services industry. The Company is a supplier of oilfield services, products, technology and systems used in the oil and natural gas industry around the world. The Company also provides industrial products and services for other businesses, including downstream chemicals, and process and pipeline services. It conducts its operations through its subsidiaries, affiliates, ventures and alliances. The Company has four geographical operating segments: North America, Latin America, Europe/Africa/Russia Caspian and Middle East/Asia Pacific. The Company also has an Industrial Services segment, which includes the downstream chemicals business and the process and pipeline services business. The Company's oilfield products and services are of approximately two categories, Drilling and Evaluation or Completion and Production. The Company's Industrial Services consists of its downstream chemicals and process, and pipeline services businesses.

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