Zacks Investment Research Downgrades BHP Billiton plc (BBL) to Hold

Zacks Investment Research cut shares of BHP Billiton plc (NYSE:BBL) from a buy rating to a hold rating in a research note published on Friday, April 14th.

According to Zacks, “BHP Billiton Plc is engaged in production of minerals which includes iron ore, metallurgical coal, copper and uranium as well as oil, gas and energy coal. BHP Billiton Plc is based in Collins Street, Melbourne Victoria. “

Several other research analysts also recently commented on BBL. JPMorgan Chase & Co. restated a sell rating on shares of BHP Billiton plc in a research report on Friday, January 6th. Citigroup Inc reaffirmed a buy rating on shares of BHP Billiton plc in a research note on Tuesday, April 11th. Finally, Jefferies Group LLC reaffirmed a buy rating and set a $40.00 target price on shares of BHP Billiton plc in a research note on Sunday, January 8th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $36.00.

Shares of BHP Billiton plc (NYSE:BBL) traded up 2.54% during midday trading on Friday, hitting $31.94. The stock had a trading volume of 972,142 shares. The stock has a market capitalization of $84.99 billion, a price-to-earnings ratio of 34.27 and a beta of 1.20. The stock has a 50 day moving average price of $31.01 and a 200-day moving average price of $32.69. BHP Billiton plc has a 52 week low of $22.37 and a 52 week high of $37.44.

ILLEGAL ACTIVITY WARNING: “Zacks Investment Research Downgrades BHP Billiton plc (BBL) to Hold” was first reported by Community Financial News and is the sole property of of Community Financial News. If you are reading this story on another publication, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright law. The correct version of this story can be viewed at https://www.com-unik.info/2017/05/19/bhp-billiton-plc-bbl-downgraded-by-zacks-investment-research-2-updated-updated-updated.html.

Several hedge funds have recently modified their holdings of the company. Oppenheimer Asset Management Inc. acquired a new stake in shares of BHP Billiton plc during the first quarter valued at $108,000. Integrated Investment Consultants LLC boosted its stake in shares of BHP Billiton plc by 36.5% in the first quarter. Integrated Investment Consultants LLC now owns 4,292 shares of the mining company’s stock valued at $134,000 after buying an additional 1,147 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of 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. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of BHP Billiton plc during the fourth quarter valued at $218,000. Finally, Cypress Wealth Advisors LLC boosted its stake in shares of BHP Billiton plc by 4.2% in the fourth quarter. Cypress Wealth Advisors LLC now owns 6,100 shares of the mining company’s stock valued at $218,000 after buying an additional 246 shares in the last quarter. 3.89% of the stock is currently owned by institutional investors.

About BHP Billiton plc

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.

5 Day Chart for NYSE:BBL

Get a free copy of the Zacks research report on BHP Billiton plc (BBL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

What are top analysts saying about BHP Billiton plc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for BHP Billiton plc and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit