Short Term Price Target on BHP Billiton Limited (BHP)

BHP Billiton Limited (NYSE:BHP) : The highest short term price target forecast on BHP Billiton Limited (NYSE: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 has dropped 2.86% in the last five trading days, however, the shares have posted positive gains of 7.21% in the last 4 weeks. BHP Billiton Limited is up 11.35% in the last 3-month period. Year-to-Date the stock performance stands at 12.22%. Also, In the latest statement by the brokerage house, Bank of America upgrades its outlook on BHP Billiton Limited (NYSE:BHP). The current rating of the shares is Buy, according to the research report released by the firm. Previously, the company had a rating of Neutral. The rating by the firm was issued on April 18, 2016.

BHP Billiton Limited (NYSE:BHP) : The consensus on BHP Billiton Limited (NYSE:BHP) based on 6 analyst recommendation on the company stock is 3.33, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 2 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

BHP Billiton Limited (NYSE:BHP): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.39 and $28.06 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.57. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.56, notching a gain of 2.88% for the day. The total traded volume was 7,373,615 . The stock had closed at $27.76 on the previous day.

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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