Shares of BHP Billiton PLC (NYSE:BBL) have received a consensus rating of “Hold” from the thirteen analysts that are currently covering the stock. Two research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $36.00.

Several equities analysts recently weighed in on BBL shares. Jefferies Group reissued a “buy” rating and set a $38.00 price objective on shares of BHP Billiton PLC in a research report on Sunday, October 16th. Citigroup Inc. reissued a “sell” rating on shares of BHP Billiton PLC in a research report on Thursday, October 13th. Zacks Investment Research raised BHP Billiton PLC from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research report on Tuesday, October 4th. RBC Capital Markets reissued a “sector perform” rating on shares of BHP Billiton PLC in a research report on Friday, October 7th. Finally, Barclays PLC reissued an “equal weight” rating on shares of BHP Billiton PLC in a research report on Thursday, November 10th.

BHP Billiton PLC (NYSE:BBL) opened at 32.48 on Wednesday. The firm’s market cap is $86.44 billion. The company’s 50-day moving average price is $32.93 and its 200-day moving average price is $29.07. BHP Billiton PLC has a 52-week low of $16.36 and a 52-week high of $35.83.

Large investors have recently added to or reduced their stakes in the stock. Integrated Investment Consultants LLC bought a new stake in BHP Billiton PLC during the third quarter valued at $109,000. BlackRock Advisors LLC bought a new stake in BHP Billiton PLC during the second quarter valued at $113,000. PNC Financial Services Group Inc. raised its stake in BHP Billiton PLC by 538.6% in the third quarter. PNC Financial Services Group Inc. now owns 4,700 shares of the mining company’s stock valued at $142,000 after buying an additional 3,964 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in BHP Billiton PLC by 448.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,792 shares of the mining company’s stock valued at $122,000 after buying an additional 3,918 shares in the last quarter. Finally, Barclays PLC raised its stake in BHP Billiton PLC by 289.7% in the second quarter. Barclays PLC now owns 5,846 shares of the mining company’s stock valued at $149,000 after buying an additional 4,346 shares in the last quarter. Institutional investors own 4.08% of the company’s stock.

BHP Billiton PLC 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.

The article first appeared in sportsperspectives.com

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