Today’s Price Action: Is BHP Billiton Limited (ADR)’s Fuel Running Low? The Stock Reaches 52-Week High Today

Today's Price Action: Is BHP Billiton Limited (ADR)'s Fuel Running Low? The Stock Reaches 52 Week High Today

The stock of BHP Billiton Limited (ADR) (NYSE:BHP) hit a new 52-week high and has $51.01 target or 36.00% above today’s $37.51 share price. The 7 months bullish chart indicates low risk for the $96.29B company. The 1-year high was reported on Nov, 9 by If the $51.01 price target is reached, the company will be worth $34.66B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 2.05M shares traded hands. BHP Billiton Limited (ADR) (NYSE:BHP) has risen 53.47% since April 7, 2016 and is uptrending. It has outperformed by 48.69% the S&P500.

BHP Billiton Limited (ADR) (NYSE:BHP) Ratings Coverage

Out of 19 analysts covering BHP Billiton Limited (ADR) (NYSE:BHP), 7 rate it a “Buy”, 4 “Sell”, while 8 “Hold”. This means 37% are positive. $37 is the highest target while $15 is the lowest. The $22.67 average target is -39.56% below today’s ($37.51) stock price. BHP Billiton Limited (ADR) has been the topic of 36 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The stock of BHP Billiton Limited (ADR) (NYSE:BHP) has “Sector Perform” rating given on Friday, January 8 by IBC. The stock of BHP Billiton Limited (ADR) (NYSE:BHP) has “Overweight” rating given on Wednesday, July 29 by Barclays Capital. The rating was maintained by Citigroup on Thursday, September 24 with “Buy”. On Tuesday, November 17 the stock rating was downgraded by Clarkson Platou to “Neutral”. The stock of BHP Billiton Limited (ADR) (NYSE:BHP) earned “Overweight” rating by Barclays Capital on Wednesday, July 22. As per Friday, October 2, the company rating was downgraded by Societe Generale. The firm has “Sector Perform” rating given on Tuesday, February 9 by RBC Capital Markets. The stock of BHP Billiton Limited (ADR) (NYSE:BHP) earned “Neutral” rating by JP Morgan on Wednesday, July 22. The rating was upgraded by Argus Research on Tuesday, August 30 to “Buy”. The company was downgraded on Thursday, October 29 by Liberum Capital.

According to Zacks Investment Research, “BHP Billiton is a leader in the global natural resources industry. The Group has high-value and industry-leading positions in aluminium, metallurgical coal, thermal coal, copper, ferro-alloys, iron ore and titanium minerals and also has substantial interests in oil, gas, nickel, diamonds and silver.”

BHP Company Profile

BHP Billiton Limited, incorporated on August 13, 1885, is a global resources company. The Firm is a producer of various commodities, including iron ore, metallurgical coal, copper and uranium. The Company’s divisions include Petroleum, Copper, Iron Ore and Coal. The Petroleum segment is engaged in the exploration, development and production of gas and oil. The Copper segment is engaged in mining of copper, silver, lead, zinc, molybdenum, uranium and gold. The Iron Ore segment is engaged in mining of iron ore. The Coal segment is engaged in mining of metallurgical coal and thermal (energy) coal. The Firm extracts and processes minerals, gas and oil from its production activities located primarily in Australia and the Americas. It manages product distribution through its global logistics chain, including freight and pipeline transportation. The Firm sells its products through direct supply agreements with its clients and on global commodity exchanges. The Company’s businesses include Minerals Australia, Minerals Americas, Petroleum and Marketing.

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