Today, BHP Billiton plc (BLT) Receives Outperform Rating from Macquarie

Today, BHP Billiton plc (BLT) Receives Outperform Rating from Macquarie

Macquarie reaffirmed their outperform rating on shares of BHP Billiton plc (LON:BLT) in a research note issued to investors on Monday. They currently have a GBX 1,280 ($15.60) price objective on the mining company’s stock.

A number of other analysts have also weighed in on BLT. JPMorgan Chase & Co. reiterated an underweight rating and issued a GBX 800 ($9.75) target price on shares of BHP Billiton plc in a research note on Tuesday, June 21st. Sanford C. Bernstein set a GBX 790 ($9.63) target price on BHP Billiton plc and gave the stock a neutral rating in a research note on Tuesday, June 21st. Deutsche Bank AG reiterated a hold rating and issued a GBX 880 ($10.73) target price on shares of BHP Billiton plc in a research note on Wednesday, June 22nd. Barclays PLC increased their target price on BHP Billiton plc from GBX 875 ($10.66) to GBX 925 ($11.27) and gave the stock an equal weight rating in a research note on Wednesday, June 22nd. Finally, Royal Bank Of Canada reiterated a sector performer rating and issued a GBX 900 ($10.97) target price on shares of BHP Billiton plc in a research note on Wednesday, June 22nd. Four research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and six have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of GBX 995.74 ($12.14).

BHP Billiton plc (LON:BLT) opened at 1223.50 on Monday. The stock’s market cap is GBX 65.12 billion. BHP Billiton plc has a 12 month low of GBX 571.60 and a 12 month high of GBX 1,279.50. The firm has a 50-day moving average price of GBX 1,091.46 and a 200-day moving average price of GBX 952.55.

In related news, insider Frew,Anita acquired 4,500 shares of the stock in a transaction on Tuesday, September 6th. The shares were bought at an average price of GBX 998 ($12.16) per share, with a total value of £44,910 ($54,734.92).

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