BHP Billiton plc (LON:BLT)‘s stock had its “outperform” rating reissued by stock analysts at Macquarie in a report issued on Wednesday. They presently have a GBX 1,280 ($16.71) price target on the mining company’s stock. Macquarie’s price objective points to a potential upside of 6.58% from the company’s previous close.
Several other research analysts have also commented on the stock. Deutsche Bank AG upped their price objective on shares of BHP Billiton plc from GBX 1,230 ($16.06) to GBX 1,290 ($16.84) and gave the stock a “hold” rating in a report on Wednesday. Citigroup Inc. set a GBX 1,100 ($14.36) price objective on shares of BHP Billiton plc and gave the stock a “neutral” rating in a report on Friday, September 30th. Jefferies Group reiterated a “buy” rating and issued a GBX 1,250 ($16.32) price target on shares of BHP Billiton plc in a research note on Thursday, September 29th. Investec increased their price target on shares of BHP Billiton plc from GBX 980 ($12.79) to GBX 1,017 ($13.28) and gave the stock a “hold” rating in a research note on Tuesday, September 27th. Finally, Canaccord Genuity increased their price target on shares of BHP Billiton plc from GBX 990 ($12.92) to GBX 1,040 ($13.58) and gave the stock a “hold” rating in a research note on Tuesday, September 27th. Four research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of GBX 984.11 ($12.85).
BHP Billiton plc (LON:BLT) opened at 1201.00 on Wednesday. The firm has a 50-day moving average of GBX 1,050.00 and a 200-day moving average of GBX 925.74. The stock’s market capitalization is GBX 63.92 billion. BHP Billiton plc has a 1-year low of GBX 571.60 and a 1-year high of GBX 1,217.00.
In other BHP Billiton plc news, insider Frew,Anita purchased 4,500 shares of BHP Billiton plc stock in a transaction that occurred on Tuesday, September 6th. The shares were bought at an average price of GBX 998 ($13.03) per share, for a total transaction of £44,910 ($58,621.59).
About BHP Billiton plc
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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