BHP Billiton plc (BBL) Receives ‘Analyst’ Rating

BHP Billiton plc (BBL) has an average broker rating of 2.5, which is interpreted as a Buy, as rated by 4 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 1 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

BHP Billiton plc (BBL) has been rated by 2 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $39 and the lowest price target forecast is $33. The average forecast of all the analysts is $36.08 and the expected standard deviation is $4.35.


Also, Equity Analysts at the Jefferies upgrades the rating on BHP Billiton plc (NYSE:BBL). The brokerage firm has issued a Buy rating on the shares. The shares were previously rated Hold. The Analysts at the ratings agency raises the price target from $28 per share to $33 per share. The rating by the firm was issued on August 23, 2016.

BHP Billiton plc (NYSE:BBL): After opening at $26.47, the stock dipped to an intraday low of $26.25 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $26.93 and the buying power remained strong till the end. The stock closed at $26.8 for the day, a gain of 1.75% for the day session. The total traded volume was 2,913,931. The stocks close on the previous trading day was $26.34.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.