Is BHP Billiton Limited BHP (NYSE:BHP) Now a Sell? Why did RBC Capital Markets Downgrade The Stock?

September 2, 2017 – By Ellis Scott

BHP Billiton Limited BHP (NYSE:BHP) Receives a Downgrade

BHP Billiton Limited BHP (NYSE:BHP) was downgraded by research professionals at RBC Capital Markets from their past “Sector Perform” rating to a “Underperform” rating in a note sent to investors and clients on Thursday morning.

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

Among 25 analysts covering BHP Billiton Limited (ADR) (NYSE:BHP), 9 have Buy rating, 5 Sell and 11 Hold. Therefore 36% are positive. BHP Billiton Limited (ADR) has $46 highest and $15 lowest target. $34.67’s average target is -21.49% below currents $44.16 stock price. BHP Billiton Limited (ADR) had 53 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of BHP Billiton Limited (ADR) (NYSE:BHP) has “Outperform” rating given on Tuesday, December 15 by Credit Suisse. RBC Capital Markets upgraded BHP Billiton Limited (ADR) (NYSE:BHP) on Wednesday, August 26 to “Sector Perform” rating. Credit Suisse downgraded the stock to “Neutral” rating in Wednesday, December 7 report. The stock of BHP Billiton Limited (ADR) (NYSE:BHP) earned “Buy” rating by Argus Research on Tuesday, August 30. The firm has “Buy” rating given on Monday, April 18 by Bank of America. On Tuesday, March 15 the stock rating was downgraded by Macquarie Research to “Underperform”. As per Wednesday, January 27, the company rating was maintained by Cowen & Co. As per Friday, April 7, the company rating was upgraded by CLSA. The firm has “Neutral” rating by UBS given on Tuesday, October 11. On Thursday, March 17 the stock rating was downgraded by Nomura to “Neutral”.

The stock increased 1.52% or $0.66 on September 1, reaching $44.16. About 2.43M shares traded or 2.97% up from the average. BHP Billiton Limited (ADR) (NYSE:BHP) has risen 34.32% since September 2, 2016 and is uptrending. It has outperformed by 17.62% the S&P500.

BHP Billiton Limited is a global resources company. The company has market cap of $112.16 billion. The Firm is a producer of various commodities, including iron ore, metallurgical coal, copper and uranium. It has a 20 P/E ratio. The Company’s divisions include Petroleum, Copper, Iron Ore and Coal.

More recent BHP Billiton Limited (ADR) (NYSE:BHP) news were published by: which released: “25 Stocks Moving In Tuesday’s Pre-Market Session” on August 22, 2017. Also published the news titled: “Benzinga’s Top Upgrades, Downgrades For August 31, 2017” on August 31, 2017.‘s news article titled: “BHP Billiton Limited (ADR) (BHP) to Exit US Shale Business” with publication date: August 22, 2017 was also an interesting one.

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