BHP Billiton Limited (BHP) Receives $35.66 Average Price Target from Analysts

BHP Billiton Limited (BHP) Receives $35.66 Average Price Target from Analysts

Capital Innovations LLC now owns 8,865 shares of the mining company's stock valued at $316,000 after buying an additional 2,360 shares in the last quarter. Finally, Capstone Asset Management Co. raised its position in shares of BHP Billiton PLC by 12.7% in the first quarter. Proficio Capital Partners LLC increased its position in BHP Billiton Limited by 122.8% in the first quarter. Institutional investors own 4.33% of the company's stock.

Sell-side analyst recommendations point to a short term price target of $34.25 on the shares of BHP Billiton plc (BBL). Current price places the company's stock 6.72% away from its 200-day simple moving average, 6.25%, away from the 50-day average and also -1.66% away from 20-day average. 2,400,197 shares of the company's stock were exchanged.

Activist investor Elliott Management disclosed it holds 5% of the London-traded shares of mining company BHP Billiton (BHP) late Wednesday, and shares were higher by 1.5% in early trading. The market capitalization of the company is at $103.08 Billion.

Shares of BHP Billiton plc (LON:BLT) traded up 1.94% during trading on Wednesday, reaching GBX 1368.00. BHP Billiton plc (ADR) (NYSE:BBL) has risen 31.15% since August 16, 2016 and is uptrending.

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.

ILLEGAL ACTIVITY NOTICE: "BHP Billiton plc (BLT) Rating Reiterated by Liberum Capital" was first published by Transcript Daily and is the property of of Transcript Daily. If you are viewing this article on another domain, it was illegally copied and republished in violation of global copyright legislation. 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 last quarter. Deutsche Bank AG upgraded shares of BHP Billiton Limited from a "hold" rating to a "buy" rating in a research note on Wednesday, July 5th.

General Motors Company was covered by a number of analysts recently, 1 rated the stock as Buy, 1 rated Outperform, 2 rated Hold, 0 gave an Underperform and 0 rated sell.

Elliott said it has raised its holdings in the mining company to 5%. The correct version of this piece can be viewed at Bhp Billiton Plc now has $102.74 billion valuation. Executives have repeatedly said the petroleum division was core to the company, sitting alongside its iron-ore, copper and other mining operations.

Those steps include exiting the USA shale business "and an in-depth, open and truly independent review of the petroleum business' place in BHP's portfolio". The Firm is engaged in the seaborne transportation of crude oil and oil products.

"We and other shareholders look forward to hearing more from management on this subject, following the growing analyst and shareholder consensus that BHP should exit United States shale", the hedge fund said.