BHP Billiton plc’s (BLT) “Outperform” Rating Reaffirmed at Macquarie

BHP Billiton plc (LON:BLT)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Macquarie in a research note issued on Friday, April 21st. They currently have a GBX 1,490 ($19.23) price target on the mining company’s stock. Macquarie’s price objective suggests a potential upside of 22.63% from the company’s current price.

Several other analysts have also commented on the company. HSBC Holdings plc raised BHP Billiton plc to a “buy” rating and set a GBX 1,500 ($19.36) target price on the stock in a report on Wednesday, April 19th. Jefferies Group LLC dropped their target price on BHP Billiton plc from GBX 1,800 ($23.23) to GBX 1,700 ($21.94) and set a “buy” rating on the stock in a report on Tuesday, April 18th. Morgan Stanley set a GBX 1,510 ($19.49) target price on BHP Billiton plc and gave the stock a “buy” rating in a report on Wednesday, April 12th. Shore Capital reaffirmed a “not rated” rating on shares of BHP Billiton plc in a report on Tuesday, April 11th. Finally, Citigroup Inc reaffirmed a “buy” rating on shares of BHP Billiton plc in a report on Tuesday, April 11th. Five analysts have rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the stock. BHP Billiton plc has an average rating of “Hold” and a consensus price target of GBX 1,300.48 ($16.79).

Analyst Recommendations for BHP Billiton plc (LON:BLT)

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BHP Billiton plc Company Profile

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.

12 Month Chart for LON:BLT

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