BHP Billiton Limited (BHP) : 6 analysts are covering BHP Billiton Limited (BHP) and their average rating on the stock is 3.33, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. However, 2 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
BHP Billiton Limited (BHP) : The highest short term price target forecast on BHP Billiton Limited (BHP) is $36 and the lowest target price is $32. A total of 2 equity analysts are currently covering the company. The average price of all the analysts is $33.76 with a standard deviation of $2.49.
BHP Billiton Limited (NYSE:BHP): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $27.52 and $27.45 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.63. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.57, notching a gain of 2.73% for the day. The total traded volume was 4,712,240 . The stock had closed at $27.81 on the previous day.
Also, Bank of America upgrades their rating on the shares of BHP Billiton Limited (NYSE:BHP). The current rating of the shares is Buy. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on April 18, 2016. The company shares have dropped -25.62% from its 1 Year high price. On Jul 13, 2015, the shares registered one year high at $41.01 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $27.66 and the 200 Day Moving Average price is recorded at $25.90.
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.