Price Target Update on BHP Billiton Limited (NYSE:BHP)

BHP Billiton Limited (NYSE:BHP) : The highest level BHP Billiton Limited (NYSE:BHP) is projected to reach is $36 for the short term and the lowest estimate is at $32. The consolidated price target from 2 rating analysts who initiate coverage on the stock is $33.76 and the possibility the share price can swing is $2.49.

Other Equity analysts have also commented on the company shares. Bank of America upgrades its view on BHP Billiton Limited (NYSE:BHP) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Earlier, the shares had a rating of Neutral. The rating by the firm was issued on April 18, 2016.

BHP Billiton Limited (NYSE:BHP): stock turned positive on Thursday. Though the stock opened at $28.78, the bulls momentum made the stock top out at $29.45 level for the day. The stock recorded a low of $28.59 and closed the trading day at $29.4, in the green by 4.81%. The total traded volume for the day was 4,178,474. The stock had closed at $28.05 in the previous days trading.

The company shares have dropped -35.28% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $44.17 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $27.49 and the 200 Day Moving Average price is recorded at $25.67.

BHP Billiton Limited is a global resources company. The Company is engaged in exploration, development, production, processing and marketing of minerals, such as iron ore, metallurgical and energy coal, copper, aluminum, manganese, uranium, nickel, silver and potash. It is also engaged in exploration, development, production and marketing of conventional and unconventional oil and gas. The Company operates through segments: Petroleum and Potash, Copper, Iron Ore and Coal. The Companys Petroleum and Potash segment is engaged in exploration, development and production of oil and gas and potash pre-development. The Copper segment is engaged in mining of copper, silver, lead, zinc, molybdenum, uranium and gold. The Iron Ore segment is engaged in mining of iron ore. The Coal segment is engaged in mining of metallurgical coal and thermal (energy) coal.

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