BHP Billiton plc (BLT) Given “Outperform” Rating at Macquarie
BHP Billiton plc (LON:BLT)‘s stock had its “outperform” rating restated by equities researchers at Macquarie in a research report issued to clients and investors on Wednesday. They currently have a GBX 1,280 ($16.71) price target on the mining company’s stock. Macquarie’s target price suggests a potential upside of 3.85% from the company’s previous close.
A number of other brokerages also recently commented on BLT. Beaufort Securities restated a “hold” rating on shares of BHP Billiton plc in a research report on Wednesday, June 22nd. Morgan Stanley set a GBX 1,080 ($14.10) price objective on shares of BHP Billiton plc and gave the company a “buy” rating in a research report on Wednesday, June 29th. JPMorgan Chase & Co. restated an “underweight” rating and issued a GBX 800 ($10.44) price objective on shares of BHP Billiton plc in a research report on Friday, June 10th. Credit Suisse Group AG restated an “outperform” rating and issued a GBX 1,050 ($13.71) price objective on shares of BHP Billiton plc in a research report on Thursday, June 16th. Finally, Jefferies Group raised their price objective on shares of BHP Billiton plc from GBX 800 ($10.44) to GBX 900 ($11.75) and gave the company a “hold” rating in a research report on Thursday, July 7th. Four analysts have rated the stock with a sell rating, eighteen have issued a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 973.89 ($12.71).
BHP Billiton plc (LON:BLT) traded up 2.54% during midday trading on Wednesday, hitting GBX 1232.50. The stock had a trading volume of 8,947,122 shares. BHP Billiton plc has a 12-month low of GBX 571.60 and a 12-month high of GBX 1,255.00. The stock has a 50-day moving average price of GBX 1,063.91 and a 200 day moving average price of GBX 932.42. The firm’s market cap is GBX 65.60 billion.
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In related news, insider Frew,Anita bought 4,500 shares of the business’s stock in a transaction dated Tuesday, September 6th. The shares were acquired at an average price of GBX 998 ($13.03) per share, for a total transaction of £44,910 ($58,621.59).
BHP Billiton plc Company Profile
BHP Billiton Plc is engaged in exploration, development, production, processing and marketing of minerals, in respect of iron ore, metallurgical and energy coal, copper, aluminum, manganese, uranium, nickel, silver and potash, and exploration, development, production and marketing of conventional and unconventional oil and gas.
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