Analyst Rating Update on BHP Billiton Limited (BHP)

BHP Billiton Limited (BHP) : 1 brokerage houses believe that BHP Billiton Limited (BHP) is a Strong Buy at current levels. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on BHP Billiton Limited (BHP). Zacks Investment Research suggests a Buy with a rank of 2. 2 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 7 Wall Street Analysts endorse the stock as a Hold with a rating of 3.29.

BHP Billiton Limited (BHP) : The consensus price target for BHP Billiton Limited (BHP) is $34.5 for the short term with a standard deviation of $3.54. The most optimist securities analyst among the 2 who monitor the stock believes that the stock can reach $37, however, the pessimist price target for the company is $32.

Company shares have received an average consensus rating of Hold for the current week


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 $29.22 and $28.97 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $29.93. The buying momentum continued till the end and the stock did not give up its gains. It closed at $29.88, notching a gain of 2.29% for the day. The total traded volume was 3,787,783 . The stock had closed at $29.21 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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