Macquarie Reaffirms “Outperform” Rating for BHP Billiton plc (BLT)
BHP Billiton plc (LON:BLT)‘s stock had its “outperform” rating reaffirmed by investment analysts at Macquarie in a research note issued to investors on Monday. They currently have a GBX 1,510 ($19.24) target price on the mining company’s stock. Macquarie’s price target would suggest a potential upside of 28.07% from the stock’s current price.
Other equities research analysts have also issued reports about the company. Credit Suisse Group reiterated a “neutral” rating and issued a GBX 1,380 ($17.58) price objective on shares of BHP Billiton plc in a research report on Wednesday, May 17th. HSBC Holdings plc cut their price objective on BHP Billiton plc from GBX 1,550 ($19.75) to GBX 1,500 ($19.11) and set a “hold” rating on the stock in a research report on Wednesday, February 22nd. Deutsche Bank AG cut their price objective on BHP Billiton plc from GBX 1,460 ($18.60) to GBX 1,450 ($18.47) and set a “hold” rating on the stock in a research report on Thursday, April 27th. Shore Capital reiterated a “not rated” rating on shares of BHP Billiton plc in a research report on Tuesday, April 11th. Finally, Royal Bank Of Canada reiterated a “sector performer” rating and issued a GBX 1,625 ($20.70) price objective on shares of BHP Billiton plc in a research report on Wednesday, April 26th. Five equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of GBX 1,286.43 ($16.39).
Shares of BHP Billiton plc (BLT) traded up 1.81% during mid-day trading on Monday, reaching GBX 1179.00. The company had a trading volume of 6,529,763 shares. The stock has a 50 day moving average price of GBX 1,180.43 and a 200 day moving average price of GBX 1,290.51. The firm’s market capitalization is GBX 62.75 billion. BHP Billiton plc has a 12-month low of GBX 793.40 and a 12-month high of GBX 1,518.50.
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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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