Posted by Kim Johansen on Apr 24th, 2017 Macquarie reaffirmed their outperform rating on shares of BHP Billiton plc (LON:BLT) in a research report report published on Friday morning. Macquarie currently has a GBX 1,490 ($19.05) price objective on the mining company’s stock.
BLT has been the subject of several other reports. HSBC Holdings plc reduced their target price on BHP Billiton plc from GBX 1,550 ($19.82) to GBX 1,500 ($19.18) and set a hold rating for the company in a research note on Wednesday, February 22nd. Deutsche Bank AG upped their target price on BHP Billiton plc from GBX 1,390 ($17.77) to GBX 1,410 ($18.03) and gave the stock a hold rating in a research note on Thursday, January 26th. Liberum Capital reaffirmed a sell rating and set a GBX 730 ($9.33) target price on shares of BHP Billiton plc in a research note on Wednesday, January 25th. Shore Capital reaffirmed a not rated rating on shares of BHP Billiton plc in a research note on Tuesday, April 11th. Finally, Morgan Stanley set a GBX 1,410 ($18.03) target price on BHP Billiton plc and gave the stock a buy rating in a research note on Wednesday, January 25th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the stock. The company has an average rating of Hold and a consensus price target of GBX 1,309.86 ($16.75).
BHP Billiton plc (LON:BLT) traded up 1.93% during mid-day trading on Friday, hitting GBX 1214.50. The stock had a trading volume of 8,978,633 shares. The firm’s 50-day moving average price is GBX 1,272.90 and its 200 day moving average price is GBX 1,310.16. The company’s market cap is GBX 64.64 billion. BHP Billiton plc has a one year low of GBX 786.40 and a one year high of GBX 1,518.50.
The company also recently announced a dividend, which was paid on Tuesday, March 28th. Investors of record on Thursday, March 9th were issued a dividend of €0.40 ($0.43) per share. This represents a yield of 2.28%. The ex-dividend date was Thursday, March 9th. 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.
BHP Price at posting:
$23.94 Sentiment: Buy Disclosure: Held
Macquarie reaffirmed their outperform rating on shares of BHP Billiton plc (LON:BLT) in a research report report published on Friday morning. Macquarie currently has a GBX 1,490 ($19.05) price objective on the mining company’s stock.
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