Economy

BHP Billiton plc (BLT) Trading 1.4% Higher Following Analyst Upgrade

BHP Billiton plc (BLT) Trading 1.4% Higher Following Analyst Upgrade”

Jefferies Group analyst C. Lafemina now forecasts that the mining company will earn $2.87 per share for the year, up from their previous estimate of $2.46. The stock has a consensus rating of "Hold" and an average price target of $34.67. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & worldwide copyright & trademark law.

Several other institutional investors and hedge funds have also made changes to their positions in BHP.

BHP Billiton Limited (ASX:BHP) has a Price to Book ratio of 1.895397. Finally, ValuEngine downgraded BHP Billiton PLC from a "strong-buy" rating to a "buy" rating in a research report on Thursday, August 24th. J P Morgan Chase & Co increased their price objective on BHP Billiton plc from GBX 1,180 ($15.68) to GBX 1,190 ($15.81) and gave the company an underweight rating in a research note on Wednesday, August 23rd.

BHP Billiton has reaffirmed its full-year production guidance for all its commodities despite posting softer quarterly production for iron ore and copper.

Shares of BHP Billiton Limited (BHP) traded down 0.832% during midday trading on Tuesday, hitting $42.295. It has been assigned a low target price of $30 and a high target price of $44.96. The company has a market capitalization of $99.29 billion, a P/E ratio of 16.89 and a beta of 1.01. Moving averages are considered to be lagging indicators that simply take the average price of a stock over a specific period of time. We continue to screen BHP as expensive relative to its major peer (1.3x P/NAV vs RIO 0.9x P/NAV) and maintain our Underperform rating. Stockholders of record on Friday, September 8th were given a dividend of $0.86 per share. This dividend amount represented a yield of $4.08.

Taking a look at Bhp Billiton Plc (BLT.L) stock, we have recently spotted the Percentage Price Oscillator Histogram line above zero.

BHP, which in August declared its troubled United States shale assets as "non-core" and announced it was actively pursuing options to exit them, on Wednesday said it increased drilling rigs at the onshore assets from five to nine.

Earnest Partners LLC lifted its holdings in BHP Billiton Limited (NYSE:BHP) by 1.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC).

As of the end of the quarter Cutler Group LP had disposed of a total of 5,876 shares trimming its position 96.2%. The number of shares now owned by investors are 2.79 bln. Raymond James Financial Services Advisors Inc. raised its position in shares of BHP Billiton PLC by 14.0% during the second quarter. Production of thermal coal used by power stations was down 2% on-year at 7 million tons, which the company said reflected a strong performance at its New South Wales division in eastern Australia offset by the impact of poor weather at its Cerrejon operation in Colombia.

When completing stock analysis, investors and traders may opt to review other technical levels. Current price places the company's stock 12.68% away from its 200-day simple moving average, 3.46%, away from the 50-day average and also 4.49% away from 20-day average.



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