Macquarie Reiterates “Outperform” Rating for BHP Billiton (BLT)
Macquarie restated their outperform rating on shares of BHP Billiton (LON:BLT) in a research note released on Tuesday. They currently have a GBX 1,810 ($25.01) price target on the mining company’s stock.
BLT has been the subject of a number of other reports. JPMorgan Chase & Co. reaffirmed an underweight rating and set a GBX 1,235 ($17.06) price target on shares of BHP Billiton in a report on Friday, October 27th. Barclays lifted their target price on BHP Billiton from GBX 1,480 ($20.45) to GBX 1,650 ($22.80) and gave the stock an equal weight rating in a research report on Monday, January 8th. Citigroup upgraded BHP Billiton to a buy rating in a research report on Tuesday, December 5th. Morgan Stanley reiterated an overweight rating and set a GBX 1,500 ($20.72) target price on shares of BHP Billiton in a research report on Thursday, November 23rd. Finally, Deutsche Bank lifted their target price on BHP Billiton from GBX 1,650 ($22.80) to GBX 1,900 ($26.25) and gave the stock a buy rating in a research report on Monday, January 15th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of GBX 1,443.11 ($19.94).
Shares of BHP Billiton (LON:BLT) opened at GBX 1,475.80 ($20.39) on Tuesday. The stock has a market capitalization of $87,260.00 and a PE ratio of 1,696.32. BHP Billiton has a fifty-two week low of GBX 1,103 ($15.24) and a fifty-two week high of GBX 1,662.40 ($22.97).
About BHP Billiton
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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