BHP Billiton plc (BBL) Given Consensus Rating of “Buy” by Brokerages

BHP Billiton plc (NYSE:BBL) has earned an average recommendation of “Buy” from the six ratings firms that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $40.00.

Several brokerages have weighed in on BBL. Zacks Investment Research cut BHP Billiton from a “buy” rating to a “hold” rating in a report on Friday. Jefferies Group reaffirmed a “hold” rating and issued a $40.00 price objective on shares of BHP Billiton in a report on Monday, January 8th.

Several institutional investors have recently bought and sold shares of BBL. Group One Trading L.P. raised its holdings in shares of BHP Billiton by 668.8% during the 3rd quarter. Group One Trading L.P. now owns 3,075 shares of the mining company’s stock worth $109,000 after buying an additional 2,675 shares in the last quarter. Knowledge Leaders Capital LLC raised its holdings in shares of BHP Billiton by 59.3% during the 3rd quarter. Knowledge Leaders Capital LLC now owns 3,939 shares of the mining company’s stock worth $140,000 after buying an additional 1,467 shares in the last quarter. Commonwealth Equity Services Inc acquired a new position in shares of BHP Billiton during the 3rd quarter worth $217,000. Raymond James Financial Services Advisors Inc. raised its holdings in shares of BHP Billiton by 14.0% during the 2nd 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 in the last quarter. Finally, HighTower Advisors LLC raised its holdings in shares of BHP Billiton by 2.9% during the 2nd quarter. HighTower Advisors LLC now owns 9,758 shares of the mining company’s stock worth $300,000 after buying an additional 275 shares in the last quarter. 4.40% of the stock is owned by institutional investors.

BHP Billiton (NYSE:BBL) opened at $43.02 on Friday. 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 has a fifty-two week low of $28.73 and a fifty-two week high of $45.30.

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BHP Billiton 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.

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