BHP Billiton Receives Average Rating of “Buy” from Analysts (NYSE:BHP)
Shares of BHP Billiton (NYSE:BHP) have been given a consensus recommendation of “Buy” by the eighteen analysts that are currently covering the stock, Stock Ratings Network reports. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $916.72.
A number of research firms have recently commented on BHP. Analysts at Cowen and Company raised their price target on shares of BHP Billiton from $70.00 to $74.00 in a research note on Thursday, February 20th. They now have a “market perform” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of BHP Billiton in a research note on Tuesday, February 4th. They now have a $66.00 price target on the stock. Finally, analysts at BNP Paribas upgraded shares of BHP Billiton from an “underperform” rating to a “neutral” rating in a research note on Tuesday, January 28th.
Shares of BHP Billiton (NYSE:BHP) traded down 1.72% on Tuesday, hitting $69.60. The stock had a trading volume of 1,579,299 shares. BHP Billiton has a 52 week low of $55.66 and a 52 week high of $75.71. The stock’s 50-day moving average is $65.95 and its 200-day moving average is $67.2. The company has a market cap of $185.2 billion and a P/E ratio of 12.99.
The company also recently declared a semiannual dividend, which is scheduled for Wednesday, March 26th. Stockholders of record on Friday, March 7th will be given a dividend of $1.18 per share. This represents a yield of 3.38%. The ex-dividend date of this dividend is Wednesday, March 5th.
BHP Billiton Limited is a diversified natural resources company. The Company operates nine customer sector groups (NYSE:BHP): petroleum, aluminium, base metals (including uranium), diamonds and specialty products, stainless steel materials, iron ore, manganese, metallurgical coal and energy coal.
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