BHP Billiton plc Given Consensus Recommendation of “Buy” by Analysts (NYSE:BBL)
BHP Billiton plc (NYSE:BBL) has been given an average recommendation of “Buy” by the eight brokerages that are presently covering the company, American Banking News reports. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $70.20.
BHP Billiton plc (NYSE:BBL) traded down 0.09% on Monday, hitting $64.56. 80,733 shares of the company’s stock traded hands. BHP Billiton plc has a 52-week low of $56.24 and a 52-week high of $71.44. The stock’s 50-day moving average is $68.31 and its 200-day moving average is $64.64. The company has a market cap of $171.8 billion and a P/E ratio of 12.47.
The company also recently declared a semiannual dividend, which is scheduled for Tuesday, September 23rd. Shareholders of record on Friday, September 5th will be given a dividend of $1.24 per share. This represents a yield of 3.57%. The ex-dividend date of this dividend is Wednesday, September 3rd.
A number of research firms have recently commented on BBL. Analysts at Citigroup Inc. downgraded shares of BHP Billiton plc from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 19th. Separately, analysts at Zacks upgraded shares of BHP Billiton plc from an “underperform” rating to a “neutral” rating in a research note on Monday, August 18th. They now have a $70.20 price target on the stock. Finally, analysts at Canaccord Genuity reiterated a “hold” rating on shares of BHP Billiton plc in a research note on Monday, June 2nd.
BHP Billiton plc is diversified natural resources company. The Company generally operates through customer sector groups (NYSE:BBL).
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