Macquarie Reaffirms “Outperform” Rating for BHP Billiton plc (BLT)
BHP Billiton plc (LON:BLT)‘s stock had its “outperform” rating reiterated by equities research analysts at Macquarie in a research report issued to clients and investors on Monday. They currently have a GBX 1,280 ($15.60) price objective on the mining company’s stock. Macquarie’s price objective would suggest a potential upside of 4.83% from the stock’s current price.
A number of other equities analysts also recently commented on the stock. Credit Suisse Group AG set a GBX 1,300 ($15.84) target price on shares of BHP Billiton plc and gave the stock a “buy” rating in a research note on Friday, October 14th. Jefferies Group increased their price objective on shares of BHP Billiton plc from GBX 1,250 ($15.23) to GBX 1,600 ($19.50) and gave the company a “buy” rating in a research note on Friday, October 14th. Citigroup Inc. downgraded shares of BHP Billiton plc to a “sell” rating in a research note on Thursday, October 13th. JPMorgan Chase & Co. increased their price objective on shares of BHP Billiton plc from GBX 1,000 ($12.19) to GBX 1,090 ($13.28) and gave the company a ” underweight” rating in a research note on Monday, October 10th. Finally, Deutsche Bank AG set a GBX 1,280 ($15.60) price objective on shares of BHP Billiton plc and gave the company a “neutral” rating in a research note on Thursday, October 6th. Five investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and six have given a buy rating to the company’s stock. BHP Billiton plc presently has an average rating of “Hold” and an average target price of GBX 1,008.70 ($12.29).
Shares of BHP Billiton plc (LON:BLT) traded up 0.37% during midday trading on Monday, reaching GBX 1221.00. 7,006,802 shares of the company’s stock were exchanged. The firm’s market cap is GBX 64.99 billion. The stock’s 50-day moving average is GBX 1,109.45 and its 200 day moving average is GBX 962.26. BHP Billiton plc has a one year low of GBX 571.60 and a one year high of GBX 1,279.50.
In other BHP Billiton plc news, insider Frew,Anita purchased 4,500 shares of the stock in a transaction that occurred on Tuesday, September 6th. The shares were purchased at an average cost of GBX 998 ($12.16) per share, for a total transaction of £44,910 ($54,734.92).
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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