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

Macquarie restated their outperform rating on shares of BHP Billiton (LON:BLT) in a research note published on Monday, February 5th. The brokerage currently has a GBX 1,900 ($26.25) price objective on the mining company’s stock.

BLT has been the subject of a number of other reports. Citigroup upgraded BHP Billiton to a buy rating in a research report on Tuesday, December 5th. Barclays upped their target price on BHP Billiton from GBX 1,300 ($17.96) to GBX 1,375 ($19.00) and gave the stock an equal weight rating in a research report on Tuesday, October 24th. JPMorgan Chase & Co. restated an underweight rating and issued a GBX 1,235 ($17.06) target price on shares of BHP Billiton in a research report on Friday, October 27th. Deutsche Bank upped their target price on BHP Billiton from GBX 1,600 ($22.11) to GBX 1,650 ($22.80) and gave the stock a buy rating in a research report on Friday, October 13th. Finally, Jefferies Group restated a hold rating and issued a GBX 1,500 ($20.72) target price on shares of BHP Billiton in a research report on Monday, December 4th. Three 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. The company currently has an average rating of Hold and an average price target of GBX 1,445.74 ($19.97).

Shares of BHP Billiton (LON BLT) opened at GBX 1,520.40 ($21.01) on Monday. The firm has a market capitalization of $86,020.00 and a P/E ratio of 1,900.50. BHP Billiton has a 52-week low of GBX 1,103 ($15.24) and a 52-week high of GBX 1,662.40 ($22.97).

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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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