BidaskClub Upgrades BHP Billiton PLC (BBL) to “Hold”

BHP Billiton PLC (NYSE:BBL) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday, July 11th.

A number of other research analysts have also weighed in on BBL. Zacks Investment Research raised BHP Billiton PLC from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a report on Tuesday, April 11th. Citigroup Inc. reissued a “buy” rating on shares of BHP Billiton PLC in a report on Tuesday, April 11th. UBS AG reissued a “neutral” rating on shares of BHP Billiton PLC in a report on Thursday, April 27th. Finally, Jefferies Group LLC set a $37.00 target price on BHP Billiton PLC and gave the stock a “buy” rating in a report on Friday, May 19th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $33.50.

BHP Billiton PLC (BBL) traded down 1.07% during mid-day trading on Tuesday, reaching $35.03. 1,958,157 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $33.76 and a 200-day moving average price of $32.48. The stock has a market cap of $93.21 billion, a P/E ratio of 37.59 and a beta of 1.05. BHP Billiton PLC has a 52 week low of $25.61 and a 52 week high of $37.44.

ILLEGAL ACTIVITY WARNING: “BidaskClub Upgrades BHP Billiton PLC (BBL) to “Hold”” was originally published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this story can be viewed at https://www.com-unik.info/2017/08/11/bhp-billiton-plc-bbl-raised-to-hold-at-bidaskclub-updated-updated-updated.html.

Several hedge funds have recently added to or reduced their stakes in BBL. Wrapmanager Inc. raised its stake in BHP Billiton PLC by 2.2% in the second quarter. Wrapmanager Inc. now owns 14,524 shares of the mining company’s stock valued at $447,000 after buying an additional 309 shares during the period. Cypress Wealth Advisors LLC raised its stake in BHP Billiton PLC by 7.1% in the first quarter. Cypress Wealth Advisors LLC now owns 6,535 shares of the mining company’s stock valued at $237,000 after buying an additional 435 shares during the period. Advisor Group Inc. raised its stake in BHP Billiton PLC by 3.9% in the second quarter. Advisor Group Inc. now owns 16,779 shares of the mining company’s stock valued at $514,000 after buying an additional 624 shares during the period. Telemus Capital LLC raised its stake in BHP Billiton PLC by 4.1% in the second quarter. Telemus Capital LLC now owns 16,753 shares of the mining company’s stock valued at $515,000 after buying an additional 655 shares during the period. Finally, UBS Group AG raised its stake in BHP Billiton PLC by 1.0% in the first quarter. UBS Group AG now owns 65,191 shares of the mining company’s stock valued at $2,031,000 after buying an additional 670 shares during the period. 4.38% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for BHP Billiton PLC (NYSE:BBL)

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