BHP Billiton plc (BLT) Earns Outperform Rating from Macquarie
BHP Billiton plc (LON:BLT)‘s stock had its “outperform” rating reiterated by equities researchers at Macquarie in a research report issued on Thursday. They presently have a GBX 1,660 ($21.44) price objective on the mining company’s stock. Macquarie’s target price would indicate a potential upside of 21.92% from the company’s previous close.
Other analysts also recently issued reports about the company. Investec restated a “buy” rating and set a GBX 1,480 ($19.11) target price on shares of BHP Billiton plc in a research note on Wednesday, May 17th. HSBC Holdings plc restated a “buy” rating and set a GBX 1,500 ($19.37) target price on shares of BHP Billiton plc in a research note on Wednesday, May 17th. S&P Global set a GBX 1,300 ($16.79) target price on BHP Billiton plc and gave the company a “buy” rating in a research note on Wednesday, June 14th. UBS AG set a GBX 1,400 ($18.08) target price on BHP Billiton plc and gave the company a “buy” rating in a research note on Thursday, June 8th. Finally, Jefferies Group LLC set a GBX 1,500 ($19.37) target price on BHP Billiton plc and gave the company a “buy” rating in a research note on Monday, May 22nd. Six equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the stock. BHP Billiton plc has an average rating of “Hold” and a consensus price target of GBX 1,326.82 ($17.14).
Shares of BHP Billiton plc (LON:BLT) traded down 2.28% during mid-day trading on Thursday, reaching GBX 1330.50. The company’s stock had a trading volume of 9,682,134 shares. The firm’s market capitalization is GBX 70.84 billion. BHP Billiton plc has a 52 week low of GBX 973.00 and a 52 week high of GBX 1,518.50. The firm has a 50-day moving average of GBX 1,400.70 and a 200-day moving average of GBX 1,275.44.
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BHP Billiton plc Company Profile
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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