BHP Billiton plc (BLT) Earns “Outperform” Rating from Macquarie
BHP Billiton plc (LON:BLT)‘s stock had its “outperform” rating reissued by investment analysts at Macquarie in a research report issued to clients and investors on Wednesday. They presently have a GBX 1,280 ($16.71) price objective on the mining company’s stock. Macquarie’s price target indicates a potential upside of 6.58% from the company’s previous close.
Several other research analysts have also recently commented on the stock. Deutsche Bank AG raised their target price on shares of BHP Billiton plc from GBX 1,230 ($16.06) to GBX 1,290 ($16.84) and gave the stock a “hold” rating in a report on Wednesday. Citigroup Inc. set a GBX 1,100 ($14.36) target price on shares of BHP Billiton plc and gave the stock a “neutral” rating in a report on Friday, September 30th. Jefferies Group reiterated a “buy” rating and set a GBX 1,250 ($16.32) price target on shares of BHP Billiton plc in a research report on Thursday, September 29th. Investec increased their price target on shares of BHP Billiton plc from GBX 980 ($12.79) to GBX 1,017 ($13.28) and gave the stock a “hold” rating in a research report on Tuesday, September 27th. Finally, Canaccord Genuity increased their price target on shares of BHP Billiton plc from GBX 990 ($12.92) to GBX 1,040 ($13.58) and gave the stock a “hold” rating in a research report on Tuesday, September 27th. Four research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 984.11 ($12.85).
Shares of BHP Billiton plc (LON:BLT) opened at 1201.00 on Wednesday. The firm’s 50 day moving average is GBX 1,050.00 and its 200 day moving average is GBX 925.74. The company’s market cap is GBX 63.92 billion. BHP Billiton plc has a 12 month low of GBX 571.60 and a 12 month high of GBX 1,217.00.
In other news, insider Frew,Anita purchased 4,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 6th. The shares were acquired at an average cost of GBX 998 ($13.03) per share, for a total transaction of £44,910 ($58,621.59).
About BHP Billiton plc
BHP Billiton Plc is engaged in exploration, development, production, processing and marketing of minerals, in respect of iron ore, metallurgical and energy coal, copper, aluminum, manganese, uranium, nickel, silver and potash, and exploration, development, production and marketing of conventional and unconventional oil and gas.
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