BHP Billiton plc's (BLT) Outperform Rating Reiterated at Macquarie

BHP Billiton plc (ADR) (NYSE:BBL) has risen 31.15% since September 17, 2016 and is uptrending.

Several other large investors have also recently made changes to their positions in BBL. BHP Billiton plc has an average rating of "Hold" and a consensus price target of GBX 1,288.13 ($16.05). Cheyne Capital Management UK LLP bought a new position in shares of BHP Billiton Limited during the second quarter valued at approximately $12,505,000. Fifth Third Bancorp now owns 3,345 shares of the mining company's stock valued at $121,000 after buying an additional 426 shares in the last quarter.

Ubs Group Ag reduced its stake by selling 57,188 shares a decrease of 87.7% in the quarter. Aperio Group LLC now owns 16,914 shares of the mining company's stock valued at $520,000 after purchasing an additional 774 shares during the last quarter.

BHP Billiton Plc, launched on May 9, 1996, is a global resources company. BHP Billiton Plc is a member of the BHP Billiton Group. The stock's 50 day moving average is GBX 1,400.09 and its 200 day moving average is GBX 1,275.82.

The firm also recently announced a Semi-Annual dividend, which will be paid on Tuesday, September 26th. This is a boost from BHP Billiton Limited's previous Semi-Annual dividend of $0.32. This represents a dividend yield of 4.04%. The ex-dividend date of this dividend is Thursday, September 7th.

TRADEMARK VIOLATION NOTICE: "BHP Billiton Limited (BHP) Downgraded by Royal Bank Of Canada to "Underperform" was first posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece on another site, it was illegally copied and republished in violation of global copyright and trademark laws. The correct version of this piece of content can be viewed at In an analyst note issued to clients on Thursday morning, Macquarie reiterated their "Outperform" rating on shares of BLT. Jefferies upgraded BHP Billiton plc (ADR) (NYSE:BBL) on Tuesday, August 23 to "Buy" rating. Investec reissued a buy rating and issued a GBX 1,480 ($19.11) price objective on shares of BHP Billiton plc in a report on Wednesday, May 17th. The stock of BHP Billiton plc (LON:BLT) earned "Hold" rating by HSBC on Thursday, April 27. The stock of BHP Billiton plc (LON:BLT) earned "Buy" rating by Nomura on Monday, February 22. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Cowen and Company set a $43.00 price target on BHP Billiton Limited and gave the company a hold rating in a research note on Thursday, August 24th. Manikay Partners Llc who had been investing in Bhp Billiton Plc for a number of months, seems to be less bullish one the $106.92B market cap company. The Company is a producer of various commodities, including iron ore, metallurgical coal, copper and uranium. The Company's divisions include Petroleum, Copper, Iron Ore and Coal. The Petroleum segment is involved in the exploration, development and production of oil and gas.

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