BHP Billiton PLC (BBL) Shares Up 4.5%
Shares of BHP Billiton PLC (NYSE:BBL) shot up 4.5% on Tuesday . The company traded as high as $28.69 and last traded at $28.65, with a volume of 1,595,266 shares. The stock had previously closed at $27.42.
A number of brokerages have recently weighed in on BBL. Jefferies Group upgraded shares of BHP Billiton PLC from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $28.00 to $33.00 in a research note on Tuesday. Beaufort Securities restated a “hold” rating on shares of BHP Billiton PLC in a research note on Wednesday, June 22nd. Zacks Investment Research upgraded shares of BHP Billiton PLC from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research note on Friday, April 29th. Deutsche Bank AG restated a “hold” rating on shares of BHP Billiton PLC in a research note on Monday, July 25th. Finally, Citigroup Inc. restated a “neutral” rating on shares of BHP Billiton PLC in a research note on Wednesday, August 17th. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $30.50.
The firm’s market cap is $75.36 billion. The stock’s 50 day moving average is $26.10 and its 200 day moving average is $24.30.
The firm also recently declared a dividend, which will be paid on Tuesday, September 20th. Stockholders of record on Friday, September 2nd will be paid a dividend of $0.28 per share. The ex-dividend date is Wednesday, August 31st.
A hedge fund recently raised its stake in BHP Billiton PLC stock. Airain ltd raised its stake in BHP Billiton PLC (NYSE:BBL) by 184.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 267,125 shares of the mining company’s stock after buying an additional 173,207 shares during the period. Airain ltd’s holdings in BHP Billiton PLC were worth $6,050,000 at the end of the most recent quarter.
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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