Macquarie Boosts BHP Billiton plc (BLT) Price Target to GBX 1,530
BHP Billiton plc (LON:BLT) had its target price boosted by analysts at Macquarie from GBX 1,470 ($18.21) to GBX 1,530 ($18.95) in a report issued on Monday. The brokerage presently has an “outperform” rating on the mining company’s stock. Macquarie’s price objective suggests a potential upside of 18.59% from the company’s current price.
BLT has been the subject of a number of other reports. Barclays PLC reissued an “equal weight” rating and set a GBX 1,175 ($14.55) price objective on shares of BHP Billiton plc in a report on Wednesday, November 2nd. Jefferies Group lifted their price objective on BHP Billiton plc from GBX 1,250 ($15.48) to GBX 1,600 ($19.82) and gave the company a “buy” rating in a report on Friday, October 14th. BNP Paribas reissued a “neutral” rating and set a GBX 1,060 ($13.13) price objective on shares of BHP Billiton plc in a report on Thursday, October 6th. Citigroup Inc. reissued a “neutral” rating and set a GBX 1,100 ($13.63) price objective on shares of BHP Billiton plc in a report on Wednesday, August 24th. Finally, Canaccord Genuity lifted their price objective on BHP Billiton plc from GBX 850 ($10.53) to GBX 975 ($12.08) and gave the company a “hold” rating in a report on Wednesday, July 27th. Four analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 1,048.89 ($12.99).
Shares of BHP Billiton plc (LON:BLT) opened at 1339.50 on Monday. BHP Billiton plc has a one year low of GBX 571.60 and a one year high of GBX 1,396.00. The firm has a 50-day moving average of GBX 1,207.95 and a 200-day moving average of GBX 1,002.51. The firm’s market capitalization is GBX 71.29 billion.
In related news, insider Frew,Anita purchased 4,500 shares of the stock in a transaction on Tuesday, September 6th. The shares were purchased at an average price of GBX 998 ($12.36) per share, with a total value of £44,910 ($55,629.88).
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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