BHP Billiton PLC (BBL) Given Average Recommendation of “Hold” by Brokerages
Shares of BHP Billiton PLC (NYSE:BBL) have been given an average recommendation of “Hold” by the seven brokerages that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $38.00.
A number of analysts have weighed in on the stock. Zacks Investment Research downgraded shares of BHP Billiton from a “buy” rating to a “hold” rating in a report on Tuesday. ValuEngine downgraded shares of BHP Billiton from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 24th. Jefferies Group set a $37.00 price target on shares of BHP Billiton and gave the company a “buy” rating in a report on Wednesday, August 23rd. Finally, BidaskClub raised shares of BHP Billiton from a “hold” rating to a “buy” rating in a report on Saturday, August 26th.
Shares of BHP Billiton (NYSE BBL) opened at $37.14 on Friday. The company has a quick ratio of 1.53, a current ratio of 1.85 and a debt-to-equity ratio of 0.47. BHP Billiton has a 1-year low of $28.73 and a 1-year high of $39.12.
Large investors have recently added to or reduced their stakes in the company. HighTower Advisors LLC lifted its holdings in shares of BHP Billiton by 2.9% during the 2nd quarter. HighTower Advisors LLC now owns 9,758 shares of the mining company’s stock worth $300,000 after acquiring an additional 275 shares during the period. Cowen Inc. bought a new position in shares of BHP Billiton during the 2nd quarter worth about $2,442,000. BlueCrest Capital Management Ltd lifted its holdings in shares of BHP Billiton by 106.2% during the 2nd quarter. BlueCrest Capital Management Ltd now owns 129,401 shares of the mining company’s stock worth $3,980,000 after acquiring an additional 66,632 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of BHP Billiton by 20.3% during the 2nd quarter. Janus Henderson Group PLC now owns 155,214 shares of the mining company’s stock worth $4,774,000 after acquiring an additional 26,200 shares during the period. Finally, Leucadia National Corp lifted its holdings in shares of BHP Billiton by 38.3% during the 2nd quarter. Leucadia National Corp now owns 300,601 shares of the mining company’s stock worth $9,246,000 after acquiring an additional 83,201 shares during the period. 4.39% of the stock is owned by institutional investors.
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BHP Billiton Company Profile
BHP Billiton Plc is a global resources company. The Company is a producer of various commodities, including iron ore, metallurgical coal, copper and uranium. Its segments include Petroleum, Copper, Iron Ore and Coal. The Petroleum segment is engaged in the exploration, development and production of oil and gas.
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