BHP Billiton PLC (NYSE:BBL) has been assigned a $34.00 price target by research analysts at Jefferies Group LLC in a research report issued to clients and investors on Thursday. The brokerage presently has a “hold” rating on the mining company’s stock. Jefferies Group LLC’s price target would suggest a potential downside of 2.80% from the company’s previous close.

BBL has been the subject of several other reports. Citigroup Inc. restated a “buy” rating on shares of BHP Billiton PLC in a report on Monday, May 29th. ValuEngine downgraded BHP Billiton PLC from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research downgraded BHP Billiton PLC from a “hold” rating to a “sell” rating in a report on Tuesday, May 9th. BidaskClub upgraded BHP Billiton PLC from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, UBS AG reiterated a “neutral” rating on shares of BHP Billiton PLC in a report on Thursday, April 27th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. BHP Billiton PLC has an average rating of “Hold” and an average target price of $34.50.

Shares of BHP Billiton PLC (NYSE BBL) traded down 0.243% during midday trading on Thursday, reaching $34.895. The company’s stock had a trading volume of 732,958 shares. BHP Billiton PLC has a 12 month low of $25.61 and a 12 month high of $37.44. The company has a market cap of $92.86 billion, a price-to-earnings ratio of 37.441 and a beta of 1.05. The stock has a 50-day moving average of $34.37 and a 200 day moving average of $32.44.

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Institutional investors have recently made changes to their positions in the company. Oppenheimer Asset Management Inc. purchased a new position in shares of BHP Billiton PLC during the first quarter worth $108,000. Acrospire Investment Management LLC raised its position in shares of BHP Billiton PLC by 113.6% in the second quarter. Acrospire Investment Management LLC now owns 4,700 shares of the mining company’s stock worth $145,000 after buying an additional 2,500 shares during the period. Cypress Wealth Advisors LLC raised 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 period. Raymond James Financial Services Advisors Inc. raised its position in shares of BHP Billiton PLC by 14.0% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 7,719 shares of the mining company’s stock worth $237,000 after buying an additional 947 shares during the period. Finally, PNC Financial Services Group Inc. raised 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 period. Institutional investors own 4.33% 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.

Analyst Recommendations for BHP Billiton PLC (NYSE:BBL)

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