BHP Billiton plc (LON:BLT) was up 0.9% on Tuesday . The stock traded as high as GBX 1,350.50 ($18.21) and last traded at GBX 1,343.50 ($18.11). Approximately 5,616,235 shares were traded during trading, a decline of 30% from the average daily volume of 7,969,520 shares. The stock had previously closed at GBX 1,332 ($17.96).
Several equities research analysts have recently weighed in on BLT shares. Macquarie reiterated an “outperform” rating and set a GBX 1,510 ($20.36) price objective on shares of BHP Billiton plc in a research report on Monday, June 19th. Citigroup Inc. lowered shares of BHP Billiton plc to a “neutral” rating and increased their target price for the stock from GBX 1,350 ($18.20) to GBX 1,400 ($18.88) in a research note on Wednesday, August 23rd. J P Morgan Chase & Co cut their target price on shares of BHP Billiton plc from GBX 1,265 ($17.06) to GBX 1,210 ($16.31) and set an “underweight” rating on the stock in a research note on Monday, June 5th. Deutsche Bank AG raised shares of BHP Billiton plc to a “buy” rating and increased their target price for the stock from GBX 1,400 ($18.88) to GBX 1,600 ($21.57) in a research note on Thursday, July 6th. Finally, Jefferies Group LLC lowered shares of BHP Billiton plc to a “hold” rating and cut their target price for the stock from GBX 1,500 ($20.22) to GBX 1,250 ($16.85) in a research note on Thursday, June 8th. Six equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of GBX 1,326.82 ($17.89).
The stock has a 50 day moving average price of GBX 1,398.73 and a 200-day moving average price of GBX 1,275.15. The company’s market capitalization is GBX 70.89 billion.
The business also recently announced a dividend, which will be paid on Tuesday, September 26th. Shareholders of record on Thursday, September 7th will be paid a dividend of $0.43 per share. The ex-dividend date is Thursday, September 7th. This represents a yield of 2.37%. This is a boost from BHP Billiton plc’s previous dividend of $0.40.
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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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