The 7 months Head & Shoulders indicates high risk for the $89.46B company.
A number of other analysts also recently weighed in on the company. Fifth Third Bancorp boosted its stake in BHP Billiton Limited by 14.6% in the first quarter. Tocqueville Asset Management L.P. now owns 837,654 shares of the mining company's stock valued at $30,424,000 after buying an additional 63,379 shares during the period. William Blair Investment Management LLC now owns 744,548 shares of the mining company's stock valued at $26,640,000 after buying an additional 669,330 shares during the period. Comerica Bank boosted its position in shares of BHP Billiton Limited by 12.5% in the fourth quarter. GFS Advisors LLC now owns 19,750 shares of the mining company's stock valued at $707,000 after buying an additional 1,200 shares during the period. Wetherby Asset Management Inc. now owns 27,606 shares of the mining company's stock valued at $988,000 after buying an additional 263 shares during the period.
BHP Billiton plc (NYSE:BBL) traded down 1.21% during trading on Monday, reaching $30.90. The company's stock had a trading volume of 1,350,535 shares. BHP Billiton plc has a 52 week low of $22.37 and a 52 week high of $37.44. The firm's 50 day moving average is GBX 1,203.81 and its 200 day moving average is GBX 1,304.74. The firm has a market cap of $82.22 billion, a P/E ratio of 33.15 and a beta of 1.20.
WARNING: This piece was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece of content on another publication, it was illegally copied and reposted in violation of USA and worldwide copyright & trademark laws. The correct version of this piece can be accessed at https://www.thecerbatgem.com/2017/05/29/bhp-billiton-plcs-blt-outperform-rating-reiterated-at-macquarie-updated.html.
Several research firms recently commented on BHP.
BHP Billiton plc (LON:BLT)'s stock had its "outperform" rating reaffirmed by equities research analysts at Macquarie in a research report issued on Tuesday, May 16th. HSBC Holdings plc raised BHP Billiton Limited from a "hold" rating to a "buy" rating and cut their price objective for the company from $41.79 to $25.75 in a report on Wednesday, April 19th. Royal Bank of Canada reissued a "sector performer" rating and set a GBX 1,625 ($21.14) target price on shares of BHP Billiton plc in a research report on Wednesday, April 26th. Two analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and two have issued a buy recommendation on the company. The company has a consensus rating of "Hold" and a consensus target price of $36.00.
BHP Billiton Limited is a global resources company. The Firm is a producer of various commodities, including iron ore, metallurgical coal, copper and uranium. Its segments include Petroleum, Copper, Iron Ore and Coal.