Short Term Price Target on BHP Billiton plc (BBL)

BHP Billiton plc (NYSE:BBL) : 2 investment research analysts covering BHP Billiton plc (NYSE:BBL) have an average price target of $31 for the near short term. The highest target price given by the Brokerage Firm to the stock is $38 and the lowest target is $24 for the short term. Analysts expect the variance to be within $9.9 of the average price.

BHP Billiton plc has dropped 2.68% in the last five trading days, however, the shares have posted positive gains of 6.82% in the last 4 weeks. BHP Billiton plc is up 12.9% in the last 3-month period. Year-to-Date the stock performance stands at 13.61%.

BHP Billiton plc (NYSE:BBL) : 1 brokerage houses believe that BHP Billiton plc (NYSE:BBL) is a Strong Buy at current levels. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on BHP Billiton plc (NYSE:BBL). Zacks Investment Research suggests a Buy with a rank of 2. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 4 Wall Street Analysts endorse the stock as a Hold with a rating of 3.

BHP Billiton plc (NYSE:BBL): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $25.14 and $24.78 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $25.38. The buying momentum continued till the end and the stock did not give up its gains. It closed at $25.38, notching a gain of 4.02% for the day. The total traded volume was 5,010,100 . The stock had closed at $24.40 on the previous day.

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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