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Zacks Investment Research announced Baker Hughes Incorporated (NYSE:BHI), boosting its stock price target to $59.00 today

Just yesterday Baker Hughes Incorporated (NYSE:BHI) traded -1.03% lower at $51.96. Baker Hughes Incorporated’s 50-day moving average is $50.21 and its 200-day moving average is $46.95. The last stock price is up 10.67% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 2,221,707 shares of BHI traded hands, down from an average trading volume of 3,477,570

In a report released on 10/14/2016 Zacks Investment Research increased the stock price target of Baker Hughes Incorporated (NYSE:BHI) to $59.00 reporting a possible upside of 0.14%.

Previously on 10/10/2016, RBC Capital released a statement about Baker Hughes Incorporated (NYSE:BHI) increased the target price from $50.00 to $59.00. At the time, this indicated a possible upside of 0.12%.

Recent Performance Chart

Baker Hughes Incorporated (NYSE:BHI)

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

In addition to Zacks Investment Research reporting its stock price target, a total of 30 brokerages have issued a ratings update on the company. The average stock price target is $50.72 with 10 brokerages rating the stock a strong buy, 13 brokerages rating the stock a buy, 8 brokerages rating the stock a hold, 1 brokerage rating the stock a underperform, and finally 1 brokerage rating the stock a sell.

Brief Synopsis On Baker Hughes Incorporated (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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