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HSBC Holdings plc disclosed BHP Billiton Limited BHP (NYSE:BHP), boosting its price target to $26.00 earlier today

Just yesterday BHP Billiton Limited BHP (NYSE:BHP) traded 1.55% higher at $35.92. BHP Billiton Limited BHP’s 50-day moving average is $37.03 and its 200-day moving average is $37.43. The last stock price is down -3.84% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.03% over the same time period. 3,600,736 shares of BHP traded hands, up from an average trading volume of 3,089,040

Stating a potential downside of -0.28%, HSBC Holdings plc upped the target price of BHP Billiton Limited BHP (NYSE:BHP) to $26.00

Previously on 4/19/2017, HSBC Holdings plc reported about BHP Billiton Limited BHP (NYSE:BHP) lowered the target price from $41.79 to $25.75. At the time, this indicated a possible downside of -0.28%.

Recent Performance Chart

BHP Billiton Limited BHP (NYSE:BHP)

BHP Billiton Limited BHP has 52 week low of $25.75 and a 52 week high of $41.79 with a PE ratio of 38.62 and has a market capitalization of $0.

In addition to HSBC Holdings plc reporting its stock price target, a total of 4 brokerages have issued a ratings update on the company. The average stock price target is $27.97 with 1 brokerage rating the stock a strong buy, 0 brokerages rating the stock a buy, 4 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On BHP Billiton Limited BHP (NYSE:BHP)

BHP Billiton Limited is a global resources company. The Company is a producer of various commodities, including iron ore, metallurgical coal, copper and uranium. Its segments include Petroleum, Copper, Iron Ore and Coal. The Petroleum segment is engaged in the exploration, development and production of oil and gas. 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. Its businesses include Minerals Australia, Minerals Americas, Petroleum and Marketing. The Company extracts and processes minerals, oil and gas from its production operations located primarily in Australia and the Americas. The Company manages product distribution through its global logistics chain, including freight and pipeline transportation. Its businesses include Minerals Australia, Minerals Americas, Petroleum and Marketing.

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