BHP Billiton PLC (LON:BLT) Rating Reaffirmed
The brokerage firm has just set a target of GBX 1250.00 on BHP Billiton PLC (LON:BLT) shares. This is 60.76% from the stock close price. In recent note issued to clients on Monday morning, Macquarie kept steady their Outperform rating on shares of BLT.
From a total of 25 analysts covering BHP Billiton PLC (LON:BLT) stock, 10 rate it a ”Buy”, 3 a “Sell”, and 12 a ”Hold”. This means that 40% of the ratings are positive. The highest target price is GBX 1850 while the lowest target price is GBX 750. The mean of all analyst targets is GBX 1136.74 with a 49.18% above today’s (GBX 762) stock price. BHP Billiton PLC was the topic of 123 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Societe Generale maintained shares on November 26 with “Hold” rating. Investec maintained shares with “Hold” rating and GBX 943 target share price in a report from a November 24. Bank of America maintained BLT stock in a recent report from November 25 with “Neutral” rating. Macquarie Research maintained the rating on November 23. Macquarie Research has a “Outperform” rating and a GBX 1250 price target on shares. Finally, Goldman Sachs maintained the stock with “Neutral” rating in a report issued on a November 25.
Approximately 3.62 million shares of stock traded hands. BHP Billiton plc (LON:BLT) has declined 46.13% since May 1, 2015 and is downtrending. It has underperformed by 45.24% the S&P500.
BHP Billiton Plc is engaged in exploration, development, production, processing and marketing of minerals, in respect of iron ore, metallurgical and energy coal, copper, aluminum, manganese, uranium, nickel, silver and potash, and exploration, development, production and marketing of conventional and unconventional gas and oil. The company has a market cap of 43.29 billion GBP. The Firm operates through divisions, including Petroleum and Potash, Copper, Iron Ore and Coal. It has 17.93 P/E ratio. The Company’s Petroleum and Potash segment is engaged in exploration, development and production of gas and oil and potash pre-development.
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