S&P Equity Research Upgrades BHP Billiton Limited to Buy (BHP)
Shares of BHP Billiton Limited (NYSE:BHP) traded down 0.66% on Thursday, hitting $70.56. The stock had a trading volume of 1,650,711 shares. BHP Billiton Limited has a 52-week low of $62.60 and a 52-week high of $73.91. The stock’s 50-day moving average is $71.61 and its 200-day moving average is $69.23. The company has a market cap of $187.7 billion and a P/E ratio of 12.72.
The company also recently declared a semiannual dividend, which is scheduled for Tuesday, September 23rd. Stockholders of record on Friday, September 5th will be given a dividend of $1.24 per share. This represents a yield of 3.32%. The ex-dividend date of this dividend is Wednesday, September 3rd.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. downgraded shares of BHP Billiton Limited from a “buy” rating to a “neutral” rating in a research note on Tuesday. Separately, analysts at Credit Suisse downgraded shares of BHP Billiton Limited from a “neutral” rating to an “underperform” rating in a research note on Tuesday. Finally, analysts at Cowen and Company raised their price target on shares of BHP Billiton Limited from $72.00 to $74.00 in a research note on Wednesday, July 30th. They now have a “market perform” rating on the stock. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $67.50.
BHP Billiton Limited is diversified natural resources company. The Company generally operates through customer sector groups (NYSE:BHP).
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