BHP Billiton PLC (NYSE:BBL)’s share price shot up 2.1% during trading on Tuesday . The company traded as high as $27.97 and last traded at $27.59, with a volume of 1,521,091 shares traded. The stock had previously closed at $27.01.

A number of research firms have commented on BBL. Deutsche Bank AG reaffirmed a “hold” rating on shares of BHP Billiton PLC in a report on Monday, April 25th. Beaufort Securities reaffirmed a “hold” rating on shares of BHP Billiton PLC in a report on Saturday, April 23rd. Citigroup Inc. reissued a “neutral” rating on shares of BHP Billiton PLC in a report on Friday, April 22nd. Zacks Investment Research raised shares of BHP Billiton PLC from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a report on Friday, April 29th. Finally, Credit Suisse Group AG reissued an “outperform” rating on shares of BHP Billiton PLC in a report on Friday, May 27th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $28.00.

The firm’s 50 day moving average price is $25.86 and its 200 day moving average price is $24.08. The company’s market cap is $74.00 billion.

Other hedge funds and institutional investors have modified their holdings of the company. Advisors Asset Management Inc. raised its position in shares of BHP Billiton PLC by 20.9% in the fourth quarter. Advisors Asset Management Inc. now owns 85,518 shares of the mining company’s stock worth $1,937,000 after buying an additional 14,764 shares during the period. New York State Common Retirement Fund raised its position in shares of BHP Billiton PLC by 144.3% in the fourth quarter. New York State Common Retirement Fund now owns 227,726 shares of the mining company’s stock worth $5,158,000 after buying an additional 134,526 shares during the period. Finally, Airain ltd raised its position in shares of BHP Billiton PLC by 184.4% in the fourth quarter. Airain ltd now owns 267,125 shares of the mining company’s stock worth $6,050,000 after buying an additional 173,207 shares during the period.

BHP Billiton Plc is engaged in exploration, development, production, processing and marketing of minerals, in respect of iron ore, metallurgical and energy coal, copper, aluminum, manganese, uranium, nickel, silver and potash, and exploration, development, production and marketing of conventional and unconventional oil and gas.

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