Citigroup Inc. Reaffirms Sell Rating for BHP Billiton PLC (BBL)
BHP Billiton PLC (NYSE:BBL)‘s stock had its “sell” rating reaffirmed by investment analysts at Citigroup Inc. in a report issued on Thursday.
Several other brokerages have also recently weighed in on BBL. RBC Capital Markets reissued a “sector perform” rating on shares of BHP Billiton PLC in a research note on Friday, October 7th. Zacks Investment Research upgraded shares of BHP Billiton PLC from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a report on Tuesday, October 4th. Investec restated a “hold” rating on shares of BHP Billiton PLC in a report on Friday, August 26th. Deutsche Bank AG restated a “hold” rating on shares of BHP Billiton PLC in a report on Thursday, August 18th. Finally, Jefferies Group upgraded shares of BHP Billiton PLC from a “hold” rating to a “buy” rating and boosted their target price for the company from $28.00 to $33.00 in a report on Tuesday, August 23rd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $33.50.
BHP Billiton PLC (NYSE:BBL) opened at 30.43 on Thursday. The company’s market cap is $80.98 billion. The stock has a 50 day moving average price of $28.27 and a 200 day moving average price of $25.90. BHP Billiton PLC has a one year low of $16.36 and a one year high of $35.82.
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The business also recently disclosed a dividend, which was paid on Tuesday, September 20th. Stockholders of record on Friday, September 2nd were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Wednesday, August 31st.
Several large investors have recently bought and sold shares of the company. Genesee Valley Trust Co. acquired a new stake in BHP Billiton PLC during the third quarter worth $407,000. Capstone Asset Management Co. raised its stake in BHP Billiton PLC by 1.7% in the third quarter. Capstone Asset Management Co. now owns 57,637 shares of the mining company’s stock worth $1,751,000 after buying an additional 950 shares in the last quarter. Fox Run Management L.L.C. raised its stake in BHP Billiton PLC by 8.7% in the third quarter. Fox Run Management L.L.C. now owns 12,500 shares of the mining company’s stock worth $380,000 after buying an additional 1,000 shares in the last quarter. Telemus Capital LLC acquired a new stake in BHP Billiton PLC during the third quarter worth $342,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in BHP Billiton PLC by 448.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,792 shares of the mining company’s stock worth $122,000 after buying an additional 3,918 shares in the last quarter. Institutional investors own 3.52% of the company’s stock.
BHP Billiton PLC Company Profile
BHP Billiton Plc is engaged in exploration, development, production, processing and marketing of minerals, in respect of iron ore, metallurgical and energy coal, copper, aluminum, manganese, uranium, nickel, silver and potash, and exploration, development, production and marketing of conventional and unconventional oil and gas.
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