BHP Billiton plc 25.7% Potential Upside Indicated by Macquarie

Violet Tucker
April 14, 2017

This rating was issued on 8/23/16. The stock, after opening at $31.79, hit $31.5 through the close by scoring -1.25%. Four research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the company's stock. There may be various price targets for a stock.

Still, at today's iron ore price BHP and its mining peers Rio Tinto Limited (ASX: RIO) and Fortescue Metals Group Limited (ASX: FMG) are still making healthy profit margins thanks to a round of steep cost cutting all of them undertook over the last 12 to 18 months.

Liberum Capital hold steady the target of BHP Billiton PLC (LON:BLT) at 800.00GBX stating a potential downside of -0.37%. Jefferies Maintains the stock to Hold on 1/09/15 by stationing a price target of $40. Wall Street is only getting more bullish on the stock, with 3 of analysts who cover BBL having a buy-equivalent rating.

Barclays Initiates Coverage on BHP Billiton plc (BBL) to Overweight with no specific Price Target.

Looking at the current price of the stock and the 52 week high and low, it suggests that the stock is likely to go Down in the future.

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Macquarie Research noted a target price of 1590 on BHP Billiton PLC's shares.

He estimated unifying the dual-listed structure could destroy at least $US1.3 billion in value, while saving less than $US2.5 billion a year, and said this would also go against the legal requirements of Australia's Foreign Investment Review Board. This scale runs from 1 to 5 where 1 represents Strong Buy and 5 represents Sell.

BHP Billiton PLC has 5,322,000,000 shares in issue which have a share price of 1266 giving BHP Billiton PLC a market capitalisation of 67.38B GBp. The stock exchanged hands with 7.74 million shares contrast to its average daily volume of 3.19 million shares.

Now the shares of BHP Billiton Limited (BHP) has a trading volume of 7.74 Million shares, with an average trading volume of 3500 shares - with shares dropping to a 52 week low of $24.99, and the company's shares hitting a 52 week high of $ 40.91. Its last month's stock price volatility remained 1.86% which for the week stands at 1.88%. The stock is presently trading down its SMA-50 of $27.23. The Moving Average SMA50 is -2.32% while SMA200 is 6.59%. BHP Billiton Plc is based in Collins Street, Melbourne Victoria. This is an increase from BHP Billiton plc's previous semiannual dividend of $0.28. The share price is trading in a range of $36.36 - 37.43.

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