BHP Billiton plc (BLT) Rating Reiterated by Macquarie

BHP Billiton plc (LON:BLT)‘s stock had its “outperform” rating reiterated by research analysts at Macquarie in a research report issued to clients and investors on Tuesday. They currently have a GBX 1,600 ($21.04) price objective on the mining company’s stock. Macquarie’s price objective would indicate a potential upside of 17.09% from the stock’s current price.

A number of other research firms have also recently commented on BLT. J P Morgan Chase & Co upped their price objective on shares of BHP Billiton plc from GBX 1,190 ($15.65) to GBX 1,235 ($16.24) and gave the company an “underweight” rating in a research report on Tuesday, September 5th. Royal Bank Of Canada cut BHP Billiton plc to an “underperform” rating and lowered their target price for the stock from GBX 1,375 ($18.08) to GBX 1,325 ($17.42) in a report on Thursday, August 31st. Jefferies Group LLC increased their target price on BHP Billiton plc from GBX 1,450 ($19.06) to GBX 1,500 ($19.72) and gave the stock a “hold” rating in a report on Thursday, August 31st. HSBC Holdings plc reiterated a “hold” rating and set a GBX 1,320 ($17.35) target price on shares of BHP Billiton plc in a report on Thursday, August 24th. Finally, Citigroup Inc. cut BHP Billiton plc to a “neutral” rating and increased their target price for the stock from GBX 1,350 ($17.75) to GBX 1,400 ($18.41) in a report on Wednesday, August 23rd. Six analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 1,324.09 ($17.41).

Shares of BHP Billiton plc (LON BLT) opened at 1366.50 on Tuesday. The company’s 50-day moving average price is GBX 1,390.84 and its 200-day moving average price is GBX 1,280.90. The firm’s market cap is GBX 72.75 billion. BHP Billiton plc has a 52-week low of GBX 1,103.00 and a 52-week high of GBX 1,518.50.

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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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