BHP Billiton plc Receives Consensus Rating of “Buy” from Analysts (NYSE:BBL)
BHP Billiton plc (NYSE:BBL) has received a consensus recommendation of “Buy” from the eight brokerages that are covering the company, AnalystRatingsNetwork.com reports. Four investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $70.20.
Several analysts have recently commented on the stock. 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.
Shares of BHP Billiton plc (NYSE:BBL) opened at 63.04 on Monday. 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 $67.89 and its 200-day moving average is $64.80. The company has a market cap of $167.7 billion and a P/E ratio of 12.50.
The company also recently announced a semiannual dividend, which is scheduled for Tuesday, September 23rd. Stockholders of record on Friday, September 5th will be paid a dividend of $1.24 per share. This represents a dividend yield of 3.57%. The ex-dividend date is Wednesday, September 3rd.
BHP Billiton plc is diversified natural resources company. The Company generally operates through customer sector groups (NYSE:BBL).
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