BHP Billiton (BHP) Shares Recommendation

Macquarie Research Equities (MRE) has maintained their Outperform stock recommendation on BHP Billiton (BHP) with a share price target of $32.55. The stock analyst remains positive about the resources stock with regards to "the fundamentals of supply vs. demand despite the risks that are emerging from the US economy." MRE recognises the recent share price weakness but wish to remind investors to be aware of risks on the supply side of the equation. "Current inventory levels in particular can ill-afford additional supply shocks."

BHP Billiton Limited is listed on the Australian Stock Exchange (ASX) under stock code BHP. You can view their investor website here. BHP was listed on the ASX on 13 August, 1885. BHP is involved in minerals exploration, production and processing (particularly coal, iron ore, copper and manganese ore) and hydrocarbon exploration, production and refining. Find out the meaning of the recommendations in this primer. Browse for other broker recommendations. Check your charts and good luck with your share trading!