BHP Billiton Limited (BHP) Given Consensus Recommendation of “Hold” by Brokerages
BHP Billiton Limited (NYSE:BHP) has been given an average recommendation of “Hold” by the nineteen ratings firms that are covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $38.32.
BHP has been the subject of a number of research analyst reports. Zacks Investment Research upgraded BHP Billiton Limited from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research report on Wednesday, October 18th. Exane BNP Paribas downgraded BHP Billiton Limited from a “neutral” rating to an “underperform” rating in a research report on Thursday, September 7th. Raymond James Financial, Inc. downgraded BHP Billiton Limited from a “market perform” rating to an “underperform” rating in a research report on Friday, September 1st. BNP Paribas downgraded BHP Billiton Limited from a “neutral” rating to an “underperform” rating in a research report on Wednesday, September 6th. Finally, Cowen and Company set a $43.00 price objective on BHP Billiton Limited and gave the company a “hold” rating in a research report on Thursday, August 24th.
Shares of BHP Billiton Limited (NYSE:BHP) opened at $41.12 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.85 and a quick ratio of 1.53. BHP Billiton Limited has a 52-week low of $33.37 and a 52-week high of $44.62.
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BHP Billiton Limited Company Profile
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.
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