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BHP - Morgans rates as Add
BY BROKER NEWS - 08/08/2018 | VIEW MORE BROKER UPDATES

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BHP - BHP BILLITON LIMITED


Morgans factors in a share buyback utilising a portion of the net proceeds from the sale of the US onshore oil & gas business. The remainder, the broker assumes, is distributed via a special dividend.

Morgans expects BHP to be less affected by rising costs relative to peer Rio Tinto ((RIO)). This is because of a positive correlation to rising energy prices, given its petroleum division, and a lack of exposure to aluminium. Add rating is maintained. Target rises to $37.09 from $35.79.

Sector: Materials.

Target price is $37.09.Current Price is $34.10. Difference: $2.99 - (brackets indicate current price is over target). If BHP meets the Morgans target it will return approximately 8% (excluding dividends, fees and charges - negative figures indicate an expected loss).



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The content of this information does in no way reflect the opinions of FN Arena, or of its journalists. In fact we don't have any opinion about the stock market, its value, future direction or individual shares. FN Arena solely reports about what the main experts in the market note, believe and comment on. By doing so we believe we provide intelligent investors with a valuable tool that helps them in making up their own minds, reading market trends and getting a feel for what is happening beneath the surface. This document is provided for informational purposes only. It does not constitute an offer to sell or a solicitation to buy any security or other financial instrument. FN Arena employs very experienced journalists who base their work on information believed to be reliable and accurate, though no guarantee is given that the daily report is accurate or complete. Investors should contact their personal adviser before making any investment decision.

 

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