BHP Billiton plc’s (BLT) “Outperform” Rating Reiterated at Macquarie
Macquarie reiterated their outperform rating on shares of BHP Billiton plc (LON:BLT) in a report issued on Wednesday. Macquarie currently has a GBX 1,280 ($15.84) price target on the mining company’s stock.
Several other analysts have also recently commented on the stock. Jefferies Group reaffirmed a buy rating and issued a GBX 1,250 ($15.47) target price on shares of BHP Billiton plc in a research note on Thursday, September 29th. Goldman Sachs Group Inc. reaffirmed a neutral rating and issued a GBX 800 ($9.90) target price on shares of BHP Billiton plc in a research note on Tuesday, July 12th. Deutsche Bank AG reaffirmed a hold rating on shares of BHP Billiton plc in a research note on Monday, July 11th. BNP Paribas reaffirmed a neutral rating and issued a GBX 885 ($10.95) target price on shares of BHP Billiton plc in a research note on Monday, June 27th. Finally, Morgan Stanley set a GBX 1,080 ($13.37) target price on shares of BHP Billiton plc and gave the stock a buy rating in a research note on Wednesday, June 29th. Three analysts have rated the stock with a sell rating, eighteen have issued a hold rating and six have given a buy rating to the company. The company has an average rating of Hold and a consensus price target of GBX 977.22 ($12.09).
Shares of BHP Billiton plc (LON:BLT) opened at 1276.00 on Wednesday. The firm has a 50-day moving average price of GBX 1,069.99 and a 200-day moving average price of GBX 938.39. BHP Billiton plc has a 1-year low of GBX 571.60 and a 1-year high of GBX 1,279.50. The firm’s market capitalization is GBX 67.91 billion.
In related news, insider Frew,Anita acquired 4,500 shares of the firm’s stock in a transaction dated Tuesday, September 6th. The stock was acquired at an average cost of GBX 998 ($12.35) per share, for a total transaction of £44,910 ($55,581.68).
BHP Billiton plc Company Profile
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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