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.



Like this

Latest


18 October 2017
Rami Malek poses as Freddie Mercury in latest 'Bohemian Rhapsody' photo
Mercury, Brian May and Roger Taylor will all be portrayed in the film (obviously) and Malek will be doing much of his own singing. Bohemian Rhapsody will focus on Queen starting with the band's beginnings in 1970 up until the iconic 1985 Live Aid performance.

18 October 2017
READERS' PICTURES: Dramatic change in sky due to Storm Ophelia
The BBC says the storm, which is hitting Ireland and the Midlands today, is dragging in tropical air and dust from the Sahara. Asthma sufferers have been urged to stay indoors by Asthma UK, as the dust in the air could trigger attacks.

18 October 2017
Sainsbury's cost-cutting will see 2000 jobs axed
It said it would offer affected staff alternative roles wherever possible, or redundancy packages. The 600 head office staff affected are based in Manchester, Coventry, Edinburgh and London.

18 October 2017
Plans of Taking PSL to Karachi
It will be attended by sports ministers and other officials of the provincial government, sources privy to the matter said. The minister ensured Sethi about providing full cooperation for hosting few matches of PSL in Karachi.

18 October 2017
Saskatoon, Regina rank among worst Canadian cities to be a woman
The number of women who hold university degrees (26%) is above the national average and higher than that of men in Victoria (25%). Toronto is also slightly above average nationally in terms of women in leadership positions.

18 October 2017
Crestwood Advisors Group LLC Grows Position in CVS Health Corporation (NYSE:CVS)
BidaskClub lowered CVS Health Corporation from a "hold" rating to a "sell" rating in a research report on Friday, August 25th. Dnb Asset Management As says it decreased its stake in CVS Health Corporation by 251,100 shares in a 13F filing with the SEC.

18 October 2017
Soros donated one of the funds, nearly $ 20 billion
The famous American financier and billionaire George Soros gave more than $18 billion Fund of the Open Society Foundations (open society).

18 October 2017
Padmavati has been an exhausting experience, says Deepika Padukone
Karan was creating the handsome art work ahead of Diwali after being inspired by the movie trailer and snippets. The mob while shouting "Jai Shree Ram" reached the spot and in less than a minute ruined the work of art.

18 October 2017
Brazil attackers on song, but Honduras believe they can cause a shock
But as Amadeu insists, the Brazilian offence starts from the defence, where overlapping defenders have added teeth to attacks. Germany may face Brazil in the quarters on October 22 should the latter win against Honduras on Wednesday.

18 October 2017
Sensex, Nifty Seen Tad Lower On Mixed Earnings
The EBIT also came in higher than expected, as Rs 2,278.4 crore, as against CNBC TV18's poll estimate of Rs 2,191.2 crore. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1 percent having gained 10 of the past 12 sessions.



Recommended