BHP Billiton plc (BLT) Receives Outperform Rating from Macquarie
Macquarie reaffirmed their outperform rating on shares of BHP Billiton plc (LON:BLT) in a research note published on Thursday. They currently have a GBX 1,660 ($21.44) target price on the mining company’s stock.
BLT has been the subject of a number of other research reports. Citigroup Inc. downgraded shares of BHP Billiton plc to a neutral rating and lifted their price target for the stock from GBX 1,350 ($17.44) to GBX 1,400 ($18.08) in a research note on Wednesday, August 23rd. J P Morgan Chase & Co decreased their price target on shares of BHP Billiton plc from GBX 1,265 ($16.34) to GBX 1,210 ($15.63) and set an underweight rating for the company in a research note on Monday, June 5th. Deutsche Bank AG upgraded shares of BHP Billiton plc to a buy rating and lifted their price target for the stock from GBX 1,400 ($18.08) to GBX 1,600 ($20.66) in a research note on Thursday, July 6th. Jefferies Group LLC downgraded shares of BHP Billiton plc to a hold rating and decreased their price target for the stock from GBX 1,500 ($19.37) to GBX 1,250 ($16.14) in a research note on Thursday, June 8th. Finally, Liberum Capital reiterated a sell rating and issued a GBX 800 ($10.33) price target on shares of BHP Billiton plc in a research note on Tuesday, August 22nd. Six equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company. The company has an average rating of Hold and an average target price of GBX 1,326.82 ($17.14).
BHP Billiton plc (BLT) traded down 2.28% on Thursday, hitting GBX 1330.50. 9,682,134 shares of the company traded hands. BHP Billiton plc has a 12 month low of GBX 973.00 and a 12 month high of GBX 1,518.50. The stock’s 50-day moving average is GBX 1,400.70 and its 200 day moving average is GBX 1,275.44. The firm’s market capitalization is GBX 70.84 billion.
The firm also recently announced a dividend, which will be paid on Tuesday, September 26th. Investors of record on Thursday, September 7th will be given a dividend of $0.43 per share. This represents a yield of 2.37%. The ex-dividend date of this dividend is Thursday, September 7th. This is an increase from BHP Billiton plc’s previous dividend of $0.40.
BHP Billiton plc Company Profile
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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