BHP Billiton Limited (NYSE:BHP) has been assigned an average recommendation of “Hold” from the nineteen ratings firms that are presently covering the company, Marketbeat reports. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $38.32.

Several research firms have recently commented on BHP. Zacks Investment Research upgraded shares of BHP Billiton Limited from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research report on Wednesday, October 18th. BidaskClub upgraded shares of BHP Billiton Limited from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. Cowen and Company set a $43.00 price target on shares of BHP Billiton Limited and gave the stock a “hold” rating in a research report on Thursday, August 24th. HSBC Holdings plc lowered shares of BHP Billiton Limited from a “buy” rating to a “hold” rating in a research report on Friday, July 14th. Finally, ValuEngine lowered shares of BHP Billiton Limited from a “buy” rating to a “hold” rating in a research report on Friday, September 22nd.

Shares of BHP Billiton Limited (NYSE:BHP) opened at 40.88 on Friday. The stock has a 50 day moving average of $41.82 and a 200 day moving average of $38.72. The firm has a market cap of $108.81 billion, a PE ratio of 18.51 and a beta of 1.09. BHP Billiton Limited has a 1-year low of $33.37 and a 1-year high of $44.62.

Institutional investors have recently made changes to their positions in the business. Huntington National Bank boosted its position in BHP Billiton Limited by 25.3% during the second quarter. Huntington National Bank now owns 2,837 shares of the mining company’s stock worth $101,000 after purchasing an additional 572 shares during the period. Fifth Third Bancorp boosted its position in shares of BHP Billiton Limited by 14.6% in the first quarter. Fifth Third Bancorp now owns 3,345 shares of the mining company’s stock valued at $121,000 after acquiring an additional 426 shares during the period. V Wealth Management LLC bought a new stake in shares of BHP Billiton Limited in the second quarter valued at approximately $133,000. Knowledge Leaders Capital LLC bought a new stake in shares of BHP Billiton Limited in the third quarter valued at approximately $134,000. Finally, Bollard Group LLC boosted its position in shares of BHP Billiton Limited by 18.3% in the second quarter. Bollard Group LLC now owns 4,133 shares of the mining company’s stock valued at $147,000 after acquiring an additional 640 shares during the period. 2.98% of the stock is owned by hedge funds and other institutional investors.

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About BHP Billiton Limited

BHP Billiton Limited 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 Limited (NYSE:BHP)

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