BHP Billiton plc (BBL) Receives Consensus Recommendation of “Buy” from Analysts

BHP Billiton plc (NYSE:BBL) has been given an average recommendation of “Buy” by the eleven analysts that are covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $41.50.

A number of brokerages have issued reports on BBL. Morgan Stanley cut BHP Billiton from an “overweight” rating to an “equal” rating in a report on Tuesday, September 25th. Zacks Investment Research lowered BHP Billiton from a “buy” rating to a “hold” rating in a research note on Friday, October 12th. ValuEngine upgraded BHP Billiton from a “sell” rating to a “hold” rating in a research note on Friday, September 14th. Finally, Investec upgraded BHP Billiton from a “hold” rating to a “buy” rating in a research note on Thursday, November 1st.

Shares of NYSE BBL opened at $39.22 on Friday. The firm has a market cap of $41.90 billion, a price-to-earnings ratio of 11.67, a P/E/G ratio of 2.03 and a beta of 1.11. BHP Billiton has a 52-week low of $35.50 and a 52-week high of $47.92. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.51 and a quick ratio of 2.24.

Several large investors have recently made changes to their positions in the company. Polaris Capital Management LLC increased its stake in shares of BHP Billiton by 8.2% in the third quarter. Polaris Capital Management LLC now owns 4,648,534 shares of the mining company’s stock valued at $204,443,000 after buying an additional 353,046 shares in the last quarter. Fisher Asset Management LLC increased its stake in shares of BHP Billiton by 9.1% in the third quarter. Fisher Asset Management LLC now owns 4,518,469 shares of the mining company’s stock valued at $198,722,000 after buying an additional 375,570 shares in the last quarter. Mason Capital Management LLC increased its stake in shares of BHP Billiton by 8.0% in the third quarter. Mason Capital Management LLC now owns 4,337,017 shares of the mining company’s stock valued at $190,742,000 after buying an additional 320,608 shares in the last quarter. Thompson Siegel & Walmsley LLC increased its position in BHP Billiton by 1.8% in the third quarter. Thompson Siegel & Walmsley LLC now owns 1,689,115 shares of the mining company’s stock worth $74,287,000 after purchasing an additional 29,400 shares during the period. Finally, Waddell & Reed Financial Inc. increased its position in BHP Billiton by 1.0% in the second quarter. Waddell & Reed Financial Inc. now owns 894,121 shares of the mining company’s stock worth $40,191,000 after purchasing an additional 8,830 shares during the period. Institutional investors own 4.27% of the company’s stock.

About BHP Billiton

BHP Billiton Plc, together with its subsidiaries, discovers, acquires, develops, and markets natural resources worldwide. It operates through four segments: Petroleum, Copper, Iron Ore, and Coal. The company explores for copper, silver, lead, zinc, molybdenum, uranium, gold, and iron ores, as well as metallurgical coal, energy coal, and oil and gas.

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Analyst Recommendations for BHP Billiton (NYSE:BBL)

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