Macquarie reiterated their outperform rating on shares of BHP Billiton plc (LON:BLT) in a report published on Wednesday. Macquarie currently has a GBX 1,280 ($16.71) price target on the mining company’s stock.
Several other brokerages also recently issued reports on BLT. Beaufort Securities reissued a hold rating on shares of BHP Billiton plc in a research note on Wednesday, June 22nd. Morgan Stanley set a GBX 1,080 ($14.10) price objective on BHP Billiton plc and gave the stock a buy rating in a research note on Wednesday, June 29th. JPMorgan Chase & Co. reaffirmed an underweight rating and issued a GBX 800 ($10.44) price objective on shares of BHP Billiton plc in a research note on Friday, June 10th. Credit Suisse Group AG reaffirmed an outperform rating and issued a GBX 1,050 ($13.71) price objective on shares of BHP Billiton plc in a research note on Thursday, June 16th. Finally, Jefferies Group lifted their price objective on BHP Billiton plc from GBX 800 ($10.44) to GBX 900 ($11.75) and gave the stock a hold rating in a research note on Thursday, July 7th. Four investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and six have issued a buy rating to the company. BHP Billiton plc currently has a consensus rating of Hold and a consensus price target of GBX 973.89 ($12.71).
Shares of BHP Billiton plc (LON:BLT) opened at 1235.6139 on Wednesday. BHP Billiton plc has a 52 week low of GBX 571.60 and a 52 week high of GBX 1,255.00. The firm has a 50 day moving average of GBX 1,063.91 and a 200 day moving average of GBX 932.42. The firm’s market cap is GBX 65.76 billion.
In other news, insider Frew,Anita acquired 4,500 shares of the business’s stock in a transaction dated Tuesday, September 6th. The shares were acquired at an average cost of GBX 998 ($13.03) per share, with a total value of £44,910 ($58,621.59).
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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