BHP Billiton plc 19.1% Potential Upside Indicated by Deutsche Bank

Elliott has backed BHP's chairman-elect Ken MacKenzie
Elliott has backed BHP's chairman-elect Ken MacKenzie. Arsineh Houspian
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16 August, 2017

A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company. BidaskClub raised BHP Billiton Limited from a "buy" rating to a "strong-buy" rating in a report on Wednesday, July 19th. Vicus Capital now owns 77,786 shares of the mining company's stock valued at $2,825,000 after buying an additional 40,827 shares during the period. Bollard Group LLC now owns 3,493 shares of the mining company's stock valued at $127,000 after buying an additional 2,349 shares during the last quarter. Huntington National Bank increased its position in BHP Billiton Limited by 25.3% in the second quarter. Comerica Bank now owns 63,976 shares of the mining company's stock valued at $1,933,000 after buying an additional 807 shares during the period. Callahan Advisors LLC boosted its stake in shares of BHP Billiton Limited by 9.2% in the second quarter. The company has a market capitalization of $106.63 billion, a PE ratio of 42.99 and a beta of 1.12. Fox Run Management L.L.C. increased its position in shares of BHP Billiton PLC by 187.0% in the first quarter. Integrated Investment Consultants LLC now owns 4,292 shares of the mining company's stock valued at $134,000 after buying an additional 1,147 shares during the period.

BHP Billiton plc (NYSE:BBL) was more active in the last trading session as around 1.96 million shares exchanged hands on Wall Street, representing an increase from its normal capacity of 1.62 million shares. The 1 year high share price is 1518.5 GBX while the year low share price is now 957.1 GBX. GBX 1139.21's average target is -15.01% below currents GBX 1340.4 stock price. If you are reading this report on another site, it was illegally stolen and republished in violation of United States & global copyright and trademark legislation. The original version of this story can be viewed at https://www.thecerbatgem.com/2017/08/16/bhp-billiton-plc-lonblt-downgraded-by-citigroup-inc-to-neutral-updated-updated-updated.html.

Other research analysts have also recently issued research reports about the company. Finally, ValuEngine downgraded BHP Billiton PLC from a "strong-buy" rating to a "buy" rating in a research note on Friday, June 2nd.

BHP Billiton plc has a consensus outperform rating from 4 Wall Street analysts, and the number of shares now sold short amount to at least 0.04% of shares outstanding. Jefferies Group LLC reduced their target price on BHP Billiton plc from GBX 1,800 ($23.37) to GBX 1,700 ($22.07) and set a "buy" rating for the company in a report on Tuesday, April 18th. J P Morgan Chase & Co restated an "underweight" rating and set a GBX 1,265 ($16.42) target price on shares of BHP Billiton plc in a report on Thursday, March 30th. The stock of BHP Billiton plc (LON:BLT) earned "Neutral" rating by Credit Suisse on Wednesday, May 17. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company.

Analysts on average have given a price target of $37.33 to BHP Billiton plc (BBL) stock.

Shares of BHP Billiton Ltd (BHPLF) are moving on volatility today -3.85% or -0.78 from the open. Executives have repeatedly said the petroleum division was core to the company, sitting alongside its iron-ore, copper and other mining operations.


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