Macquarie restated their outperform rating on shares of BHP Billiton plc (LON:BLT) in a research note published on Thursday morning. They currently have a GBX 1,600 ($21.04) price objective on the mining company’s stock.
A number of other research firms also recently issued reports on BLT. J P Morgan Chase & Co lifted their price objective on BHP Billiton plc from GBX 1,190 ($15.65) to GBX 1,235 ($16.24) and gave the stock an underweight rating in a research note on Tuesday, September 5th. Jefferies Group LLC lifted their price objective on BHP Billiton plc from GBX 1,450 ($19.07) to GBX 1,500 ($19.73) and gave the stock a hold rating in a research note on Thursday, August 31st. Royal Bank Of Canada downgraded BHP Billiton plc to an underperform rating and reduced their price objective for the stock from GBX 1,375 ($18.08) to GBX 1,325 ($17.43) in a research note on Thursday, August 31st. Societe Generale lifted their price objective on BHP Billiton plc from GBX 700 ($9.21) to GBX 1,404 ($18.47) and gave the stock a hold rating in a research note on Thursday, November 9th. Finally, reaffirmed a hold rating and issued a GBX 1,320 ($17.36) price objective on shares of BHP Billiton plc in a research note on Thursday, August 24th. Six analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company. BHP Billiton plc currently has a consensus rating of Hold and an average target price of GBX 1,358.14 ($17.86).
Shares of BHP Billiton plc (LON BLT) opened at GBX 1,363.50 ($17.93) on Thursday. BHP Billiton plc has a 12 month low of GBX 1,103 ($14.51) and a 12 month high of GBX 1,518.50 ($19.97).
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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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