BHP Billiton PLC (BBL) Trading 4.5% Higher
BHP Billiton PLC (NYSE:BBL)’s share price traded up 4.5% on Tuesday . The stock 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.
Several equities analysts have weighed in on the stock. Deutsche Bank AG reiterated a “hold” rating on shares of BHP Billiton PLC in a research report on Wednesday, August 10th. Credit Suisse Group AG reiterated an “outperform” rating on shares of BHP Billiton PLC in a research report on Friday, May 27th. Zacks Investment Research upgraded shares of BHP Billiton PLC from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research report on Tuesday, June 21st. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of BHP Billiton PLC in a research report on Tuesday, June 21st. Finally, Jefferies Group raised shares of BHP Billiton PLC from a “hold” rating to a “buy” rating and lifted their target price for the company from $28.00 to $33.00 in a research note on Tuesday. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $30.50.
The firm’s market capitalization is $73.60 billion. The stock’s 50 day moving average is $26.26 and its 200-day moving average is $24.38.
The firm also recently disclosed a dividend, which will be paid on Tuesday, September 20th. Investors of record on Friday, September 2nd will be issued a $0.28 dividend. The ex-dividend date is Wednesday, August 31st.
A hedge fund recently raised its stake in BHP Billiton PLC stock. Advisors Asset Management Inc. raised its stake in shares of BHP Billiton PLC (NYSE:BBL) by 20.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,518 shares of the mining company’s stock after buying an additional 14,764 shares during the period. Advisors Asset Management Inc.’s holdings in BHP Billiton PLC were worth $1,937,000 as of its most recent SEC filing.
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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