Brokerage Firm Rating Update on BHP Billiton Limited (BHP)

BHP Billiton Limited (BHP) : Zacks Investment Research ranks BHP Billiton Limited (BHP) as 3, which is a Hold recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 7 research analysts is 2.71, which indicates as a Hold.

BHP Billiton Limited (BHP) : 2 Wall Street analysts covering BHP Billiton Limited (BHP) believe that the average level the stock could reach for the short term is $35.98. The maximum price target given is $40 and the minimum target for short term is around $32, hence the standard deviation is calculated at $5.63.


For the current week, the company shares have a recommendation consensus of Buy. Also, In the latest statement by the brokerage house, Argus Research 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 Hold. The brokerage firm announces the price target at $40 per share. The rating by the firm was issued on August 30, 2016.

BHP Billiton Limited (NYSE:BHP): stock was range-bound between the intraday low of $30.81 and the intraday high of $31.29 after having opened at $31.13 on Wednesdays session. The stock finally closed in the red at $31.13, a loss of -1.77%. The stock remained in the red for the whole trading day. The total traded volume was 2,445,318 shares. The stock failed to cross $31.29 in Wednesdays trading. The stocks closing price on Thursday was $31.6.

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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