BHP Billiton PLC (NYSE:BBL) was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a report issued on Wednesday.

BBL has been the topic of a number of other reports. Zacks Investment Research upgraded shares of BHP Billiton PLC from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research report on Tuesday, April 11th. Citigroup Inc. reiterated a “buy” rating on shares of BHP Billiton PLC in a research report on Tuesday, April 11th. BidaskClub upgraded shares of BHP Billiton PLC from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. UBS AG reiterated a “neutral” rating on shares of BHP Billiton PLC in a research report on Thursday, April 27th. Finally, Jefferies Group LLC set a $37.00 price target on shares of BHP Billiton PLC and gave the company a “buy” rating in a research report on Friday, May 19th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $33.50.

Shares of BHP Billiton PLC (NYSE:BBL) traded up 0.99% during midday trading on Wednesday, hitting $34.62. 807,364 shares of the stock were exchanged. The company has a market cap of $92.12 billion, a PE ratio of 37.15 and a beta of 1.02. The firm has a 50-day moving average price of $31.14 and a 200-day moving average price of $32.31. BHP Billiton PLC has a 12-month low of $24.08 and a 12-month high of $37.44.

ILLEGAL ACTIVITY NOTICE: This piece was first posted by American Banking News and is the property of of American Banking News. If you are accessing this piece on another website, it was illegally stolen and republished in violation of international trademark & copyright laws. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2017/07/19/bhp-billiton-plc-nysebbl-raised-to-strong-buy-at-valuengine.html.

Several hedge funds have recently made changes to their positions in BBL. Oppenheimer Asset Management Inc. purchased a new position in shares of BHP Billiton PLC during the first quarter worth approximately $108,000. Integrated Investment Consultants LLC increased its position in shares of BHP Billiton PLC by 36.5% in the first quarter. Integrated Investment Consultants LLC now owns 4,292 shares of the mining company’s stock worth $134,000 after buying an additional 1,147 shares during the last quarter. Cypress Wealth Advisors LLC increased its position in shares of BHP Billiton PLC by 7.1% in the first quarter. Cypress Wealth Advisors LLC now owns 6,535 shares of the mining company’s stock worth $237,000 after buying an additional 435 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of BHP Billiton PLC by 27.1% in the first quarter. PNC Financial Services Group Inc. now owns 7,866 shares of the mining company’s stock worth $245,000 after buying an additional 1,678 shares during the last quarter. Finally, RMB Capital Management LLC purchased a new position in shares of BHP Billiton PLC during the first quarter worth approximately $291,000. Institutional investors and hedge funds own 4.39% of the company’s stock.

BHP Billiton PLC Company Profile

BHP Billiton Plc is a global resources company. The Company is a producer of various commodities, including iron ore, metallurgical coal, copper and uranium. Its segments include Petroleum, Copper, Iron Ore and Coal. The Petroleum segment is engaged in the exploration, development and production of oil and gas.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for BHP Billiton PLC (NYSE:BBL)

Receive News & Ratings for BHP Billiton PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BHP Billiton PLC and related companies with MarketBeat.com's FREE daily email newsletter.