BHP Billiton plc’s (BLT) Outperform Rating Reiterated at Macquarie
BHP Billiton plc (LON:BLT)‘s stock had its “outperform” rating reissued by stock analysts at Macquarie in a research note issued to investors on Thursday. They presently have a GBX 1,600 ($21.26) price target on the mining company’s stock. Macquarie’s target price suggests a potential upside of 15.11% from the stock’s current price.
Other research analysts also recently issued reports about the company. S&P Global set a GBX 1,400 ($18.60) target price on BHP Billiton plc and gave the stock a “buy” rating in a report on Wednesday, July 19th. Morgan Stanley set a GBX 1,410 ($18.74) target price on BHP Billiton plc and gave the stock a “buy” rating in a report on Thursday, July 6th. UBS AG set a GBX 1,375 ($18.27) target price on BHP Billiton plc and gave the stock a “buy” rating in a report on Thursday, July 6th. Deutsche Bank AG raised BHP Billiton plc to a “buy” rating and lifted their target price for the stock from GBX 1,400 ($18.60) to GBX 1,600 ($21.26) in a report on Thursday, July 6th. Finally, Barclays PLC reaffirmed an “equal weight” rating and set a GBX 1,300 ($17.27) target price on shares of BHP Billiton plc in a report on Friday, July 14th. Six analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the stock. BHP Billiton plc presently has a consensus rating of “Hold” and a consensus target price of GBX 1,335.91 ($17.75).
Shares of BHP Billiton plc (LON:BLT) opened at 1396.00 on Thursday. The company’s market cap is GBX 74.32 billion. BHP Billiton plc has a 12-month low of GBX 1,103.00 and a 12-month high of GBX 1,518.50. The company has a 50-day moving average price of GBX 1,388.15 and a 200-day moving average price of GBX 1,286.59.
About BHP Billiton plc
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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