Price Target Update on BHP Billiton plc (NYSE:BBL)

BHP Billiton plc (NYSE:BBL) : The most positive equity analysts on BHP Billiton plc (NYSE:BBL) expects the shares to touch $38, whereas, the least positive believes that the stock will trade at $24 in the short term. The company is covered by 2 Wall Street Brokerage Firms. The average price target for shares are $31 with an expected fluctuation of $9.9 from the mean.

BHP Billiton plc (NYSE:BBL): stock turned positive on Thursday. Though the stock opened at $25.69, the bulls momentum made the stock top out at $26.14 level for the day. The stock recorded a low of $25.33 and closed the trading day at $26.08, in the green by 4.45%. The total traded volume for the day was 2,169,585. The stock had closed at $24.97 in the previous days trading.

The company shares have dropped -40.51% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $42.77 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $24.31 and the 200 Day Moving Average price is recorded at $22.69.

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 oil and gas. The Company operates through segments, including 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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