BHP Billiton plc (BBL) Receives Price Target

BHP Billiton plc (BBL) : 2 investment research analysts covering BHP Billiton plc (BBL) have an average price target of $36.08 for the near short term. The highest target price given by the Brokerage Firm to the stock is $39 and the lowest target is $33 for the short term. Analysts expect the variance to be within $4.35 of the average price.

BHP Billiton plc (BBL) : The consensus on BHP Billiton plc (BBL) based on 4 analyst recommendation on the company stock is 2.5, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 2 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.


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

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 $25.77 and $25.64 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $26.17. The buying momentum continued till the end and the stock did not give up its gains. It closed at $26.16, notching a gain of 1.43% for the day. The total traded volume was 2,496,136 . The stock had closed at $25.79 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

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