BHP Billiton plc Given Consensus Rating of “Buy” by Brokerages (NYSE:BBL)
BHP Billiton plc (NYSE:BBL) has earned an average recommendation of “Buy” from the eight ratings firms that are covering the stock, American Banking and Market News reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $65.30.
A number of research firms have recently commented on BBL. Analysts at Zacks downgraded shares of BHP Billiton plc from a “neutral” rating to an “underperform” rating in a research note on Monday. They now have a $65.30 price target on the stock. Separately, analysts at Canaccord Genuity reiterated a “hold” rating on shares of BHP Billiton plc in a research note on Monday, June 2nd. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of BHP Billiton plc in a research note on Friday, May 30th.
BHP Billiton plc (NYSE:BBL) traded up 0.35% on Tuesday, hitting $68.28. 284,356 shares of the company’s stock traded hands. BHP Billiton plc has a 52 week low of $55.22 and a 52 week high of $68.54. The stock has a 50-day moving average of $64.89 and a 200-day moving average of $62.94. The company has a market cap of $181.7 billion and a price-to-earnings ratio of 12.19.
BHP Billiton plc is diversified natural resources company. The Company generally operates through customer sector groups (NYSE:BBL).
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