BHP Billiton PLC (NYSE:BBL) Receives Average Recommendation of “Hold” from Analysts

BHP Billiton PLC (NYSE:BBL) has received an average recommendation of “Hold” from the eleven brokerages that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $32.00.

BBL has been the topic of a number of research reports. Zacks Investment Research downgraded shares of BHP Billiton PLC from a “hold” rating to a “sell” rating in a research note on Tuesday, May 9th. ValuEngine raised shares of BHP Billiton PLC from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 19th. Citigroup Inc. reissued a “buy” rating on shares of BHP Billiton PLC in a research report on Monday, May 15th. Jefferies Group LLC downgraded shares of BHP Billiton PLC to a “hold” rating and set a $32.00 target price on the stock. in a research report on Thursday, June 8th. Finally, BidaskClub raised shares of BHP Billiton PLC from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th.

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Shares of BHP Billiton PLC (NYSE:BBL) opened at 35.03 on Friday. 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. The firm’s 50-day moving average price is $33.76 and its 200-day moving average price is $32.48.

Several large investors have recently modified their holdings of the stock. Oppenheimer Asset Management Inc. acquired a new stake in shares of BHP Billiton PLC during the first quarter valued at about $108,000. Acrospire Investment Management LLC increased its stake in shares of BHP Billiton PLC by 113.6% in the second quarter. Acrospire Investment Management LLC now owns 4,700 shares of the mining company’s stock valued at $145,000 after buying an additional 2,500 shares in the last quarter. Cypress Wealth Advisors LLC increased its stake in shares of 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 in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of BHP Billiton PLC by 27.1% in the first quarter. PNC Financial Services Group Inc. now owns 7,866 shares of the mining company’s stock valued at $245,000 after buying an additional 1,678 shares in the last quarter. Finally, Pacad Investment Ltd. acquired a new stake in shares of BHP Billiton PLC during the second quarter valued at about $268,000. 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)

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