BHP Billiton PLC (NYSE:BBL) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report issued on Thursday. The firm presently has a $42.00 price target on the mining company’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 15.70% from the company’s current price.

According to Zacks, “BHP Billiton Plc is engaged in production of minerals which includes iron ore, metallurgical coal, copper and uranium as well as oil, gas and energy coal. BHP Billiton Plc is based in Collins Street, Melbourne Victoria. “

Several other research firms have also weighed in on BBL. BidaskClub raised BHP Billiton PLC from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. ValuEngine raised BHP Billiton PLC from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 19th. Finally, Jefferies Group LLC set a $34.00 price target on BHP Billiton PLC and gave the company a “hold” rating in a research report on Thursday, August 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. BHP Billiton PLC presently has an average rating of “Buy” and an average target price of $40.00.

BHP Billiton PLC (NYSE BBL) traded up 0.39% during mid-day trading on Thursday, reaching $36.30. The company had a trading volume of 1,016,387 shares. BHP Billiton PLC has a 12 month low of $28.73 and a 12 month high of $39.12. The firm has a market capitalization of $96.62 billion, a P/E ratio of 16.44 and a beta of 1.01. The stock’s 50-day moving average is $36.83 and its 200 day moving average is $33.30.

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Large investors have recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. acquired a new position in BHP Billiton PLC during the first quarter valued at $108,000. Acrospire Investment Management LLC raised its position in BHP Billiton PLC by 113.6% during the second quarter. Acrospire Investment Management LLC now owns 4,700 shares of the mining company’s stock valued at $145,000 after buying an additional 2,500 shares during the period. Cypress Wealth Advisors LLC raised its position in BHP Billiton PLC by 7.1% during the first quarter. Cypress Wealth Advisors LLC now owns 6,535 shares of the mining company’s stock valued at $237,000 after buying an additional 435 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in BHP Billiton PLC by 14.0% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 7,719 shares of the mining company’s stock valued at $237,000 after buying an additional 947 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in BHP Billiton PLC by 27.1% during the first quarter. PNC Financial Services Group Inc. now owns 7,866 shares of the mining company’s stock valued at $245,000 after buying an additional 1,678 shares during the period. 4.12% of the stock is currently owned by hedge funds and other institutional investors.

About BHP Billiton PLC

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.

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