Macquarie Reiterates “Outperform” Rating for BHP Billiton plc (BLT)
BHP Billiton plc (LON:BLT)‘s stock had its “outperform” rating restated by equities researchers at Macquarie in a research note issued on Thursday. They currently have a GBX 1,600 ($21.26) target price on the mining company’s stock. Macquarie’s price target would suggest a potential upside of 15.65% from the company’s current price.
Other equities research analysts have also issued research reports about the company. UBS AG set a GBX 1,375 ($18.27) price objective on BHP Billiton plc and gave the company a “buy” rating in a research note on Thursday, July 6th. Liberum Capital reissued a “sell” rating and set a GBX 800 ($10.63) price objective on shares of BHP Billiton plc in a research note on Wednesday, July 19th. Independent Research GmbH set a GBX 1,350 ($17.94) price objective on BHP Billiton plc and gave the company a “neutral” rating in a research note on Thursday, July 20th. HSBC Holdings plc reissued a “hold” rating and set a GBX 1,320 ($17.54) price objective on shares of BHP Billiton plc in a research note on Friday, August 18th. Finally, S&P Global set a GBX 1,400 ($18.60) price objective on BHP Billiton plc and gave the company a “buy” rating in a research note on Wednesday, July 19th. Six equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of GBX 1,350 ($17.94).
Shares of BHP Billiton plc (LON BLT) traded down 0.93% during mid-day trading on Thursday, hitting GBX 1383.50. The company had a trading volume of 8,149,746 shares. BHP Billiton plc has a one year low of GBX 1,103.00 and a one year high of GBX 1,518.50. The company’s market capitalization is GBX 73.65 billion. The company’s 50-day moving average is GBX 1,384.84 and its 200 day moving average is GBX 1,288.02.
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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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