BHP Billiton (LON:BLT) Earns “Outperform” Rating from Macquarie

BHP Billiton (LON:BLT)‘s stock had its “outperform” rating reaffirmed by equities researchers at Macquarie in a research report issued to clients and investors on Thursday, November 16th. They currently have a GBX 1,600 ($21.53) price target on the mining company’s stock. Macquarie’s target price points to a potential upside of 18.96% from the stock’s previous close.

Several other research firms have also issued reports on BLT. J P Morgan Chase & Co raised their price target on BHP Billiton from GBX 1,190 ($16.02) to GBX 1,235 ($16.62) and gave the stock an “underweight” rating in a research report on Tuesday, September 5th. Jefferies Group raised their price target on BHP Billiton from GBX 1,450 ($19.52) to GBX 1,500 ($20.19) and gave the stock a “hold” rating in a research report on Thursday, August 31st. Royal Bank Of Canada lowered BHP Billiton to an “underperform” rating and reduced their price target for the stock from GBX 1,375 ($18.51) to GBX 1,325 ($17.83) in a research report on Thursday, August 31st. Societe Generale lifted their target price on BHP Billiton from GBX 700 ($9.42) to GBX 1,404 ($18.90) and gave the stock a “hold” rating in a report on Thursday, November 9th. Finally, reiterated a “hold” rating and set a GBX 1,320 ($17.77) target price on shares of BHP Billiton in a report on Thursday, August 24th. Six investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. BHP Billiton presently has an average rating of “Hold” and a consensus price target of GBX 1,362.23 ($18.33).

BHP Billiton (LON:BLT) traded down GBX 15 ($0.20) during trading hours on Thursday, hitting GBX 1,345 ($18.10). The stock had a trading volume of 7,785,913 shares, compared to its average volume of 7,980,000. BHP Billiton has a 1-year low of GBX 1,103 ($14.85) and a 1-year high of GBX 1,518.50 ($20.44).

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About BHP Billiton

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.

Analyst Recommendations for BHP Billiton (LON:BLT)

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