BHP Billiton plc (BBL) Receives Average Rating of “Buy” from Analysts

BHP Billiton plc (NYSE:BBL) has earned a consensus rating of “Buy” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $40.00.

Several equities analysts have commented on BBL shares. Zacks Investment Research lowered shares of BHP Billiton from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Jefferies Group reiterated a “hold” rating and set a $40.00 price objective on shares of BHP Billiton in a research report on Monday, January 8th.

Hedge funds have recently added to or reduced their stakes in the business. Group One Trading L.P. lifted its position in BHP Billiton by 668.8% during the third quarter. Group One Trading L.P. now owns 3,075 shares of the mining company’s stock valued at $109,000 after purchasing an additional 2,675 shares during the last quarter. Knowledge Leaders Capital LLC raised its stake in shares of BHP Billiton by 59.3% in the third quarter. Knowledge Leaders Capital LLC now owns 3,939 shares of the mining company’s stock valued at $140,000 after acquiring an additional 1,467 shares during the period. Commonwealth Equity Services Inc purchased a new stake in shares of BHP Billiton in the third quarter valued at $217,000. Raymond James Financial Services Advisors Inc. raised its stake in shares of BHP Billiton by 14.0% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 7,719 shares of the mining company’s stock valued at $237,000 after acquiring an additional 947 shares during the period. Finally, HighTower Advisors LLC raised its stake in shares of BHP Billiton by 2.9% in the second quarter. HighTower Advisors LLC now owns 9,758 shares of the mining company’s stock valued at $300,000 after acquiring an additional 275 shares during the period. Institutional investors and hedge funds own 4.41% of the company’s stock.

BHP Billiton (BBL) traded down $1.20 during mid-day trading on Friday, reaching $40.51. 2,905,918 shares of the company’s stock traded hands, compared to its average volume of 1,860,927. BHP Billiton has a fifty-two week low of $28.73 and a fifty-two week high of $45.30. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.85 and a quick ratio of 1.53.

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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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