Macquarie Analysts Give BHP Billiton plc (BLT) a GBX 1,460 Price Target
BHP Billiton plc (LON:BLT) has been assigned a GBX 1,460 ($18.60) price objective by research analysts at Macquarie in a report released on Wednesday. The brokerage presently has a “buy” rating on the mining company’s stock. Macquarie’s target price suggests a potential upside of 27.68% from the stock’s current price.
BLT has been the subject of several other research reports. Credit Suisse Group reissued a “neutral” rating and issued a GBX 1,380 ($17.58) price target on shares of BHP Billiton plc in a research report on Wednesday, May 17th. HSBC Holdings plc dropped 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 note on Wednesday, February 22nd. Deutsche Bank AG dropped 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 note on Thursday, April 27th. Shore Capital restated a “not rated” rating on shares of BHP Billiton plc in a research note on Tuesday, April 11th. Finally, Royal Bank Of Canada restated a “sector performer” rating and set a GBX 1,625 ($20.70) price objective on shares of BHP Billiton plc in a research note on Wednesday, April 26th. Five equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of GBX 1,306.25 ($16.64).
Shares of BHP Billiton plc (LON BLT) traded down 0.35% during mid-day trading on Wednesday, hitting GBX 1143.50. 6,144,375 shares of the stock were exchanged. BHP Billiton plc has a 12-month low of GBX 793.40 and a 12-month high of GBX 1,518.50. The stock’s market capitalization is GBX 60.86 billion. The stock’s 50 day moving average price is GBX 1,178.26 and its 200-day moving average price is GBX 1,287.94.
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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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