BHP Billiton plc (BLT) Rating Reiterated by Macquarie
BHP Billiton plc (LON:BLT)‘s stock had its “outperform” rating reiterated by equities researchers at Macquarie in a research note issued to investors on Tuesday, May 16th. They currently have a GBX 1,500 ($19.51) target price on the mining company’s stock. Macquarie’s price objective points to a potential upside of 24.48% from the company’s current price.
Several other analysts have also weighed in on the company. S&P Global Inc set a GBX 1,300 ($16.91) price target on BHP Billiton plc and gave the company a “sell” rating in a report on Wednesday, January 25th. Deutsche Bank AG set a GBX 1,420 ($18.47) price objective on BHP Billiton plc and gave the company a “neutral” rating in a research report on Friday, March 17th. HSBC Holdings plc reissued a “hold” rating and set a GBX 1,550 ($20.16) price target on shares of BHP Billiton plc in a research report on Thursday, January 26th. JPMorgan Chase & Co. reissued an “underweight” rating and set a GBX 1,265 ($16.46) price target on shares of BHP Billiton plc in a research report on Tuesday, March 14th. Finally, Morgan Stanley set a GBX 1,410 ($18.34) price target on BHP Billiton plc and gave the stock a “buy” rating in a research report on Wednesday, January 25th. Five analysts have rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of GBX 1,300.48 ($16.92).
BHP Billiton plc (LON:BLT) traded down 0.3721% on Tuesday, hitting GBX 1207.4392. 7,039,251 shares of the company’s stock traded hands. BHP Billiton plc has a 12 month low of GBX 786.40 and a 12 month high of GBX 1,518.50. The stock has a 50 day moving average price of GBX 1,203.81 and a 200-day moving average price of GBX 1,304.74. The stock’s market cap is GBX 64.26 billion.
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About BHP Billiton plc
BHP Billiton Plc is a global resources company. The Company is a producer of various commodities, including iron ore, metallurgical coal, copper and uranium. Its segments include Petroleum, Copper, Iron Ore and Coal. The Petroleum segment is engaged in the exploration, development and production of oil and gas.
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