The BHP Billiton plc (BBL) Earns Buy Rating from Citigroup Inc

The BHP Billiton plc (BBL) Earns Buy Rating from Citigroup Inc

Separately, Zacks Investment Research downgraded BHP Billiton plc from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 24th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $36.00.

BHP Billiton plc (NYSE:BBL)‘s stock had its “buy” rating reissued by investment analysts at Citigroup Inc in a research note issued on Monday, May 15th.

BHP Billiton plc (BBL) opened at 30.64 on Monday. BHP Billiton plc has a 12 month low of $22.37 and a 12 month high of $37.44. The company has a market cap of $81.53 billion, a price-to-earnings ratio of 32.88 and a beta of 1.20. The company has a 50-day moving average of $30.75 and a 200-day moving average of $32.69.

A number of large investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. boosted its stake in shares of BHP Billiton plc by 538.6% in the third quarter. PNC Financial Services Group Inc. now owns 4,700 shares of the mining company’s stock worth $142,000 after buying an additional 3,964 shares during the period. Morgan Stanley boosted its stake in shares of BHP Billiton plc by 91.2% in the third quarter. Morgan Stanley now owns 2,664,264 shares of the mining company’s stock worth $80,941,000 after buying an additional 1,270,518 shares during the period. Profund Advisors LLC boosted its stake in shares of BHP Billiton plc by 13.0% in the third quarter. Profund Advisors LLC now owns 26,208 shares of the mining company’s stock worth $796,000 after buying an additional 3,024 shares during the period. Capital Research Global Investors purchased a new stake in shares of BHP Billiton plc during the third quarter worth approximately $48,152,000. Finally, Lombard Odier Asset Management USA Corp boosted its stake in shares of BHP Billiton plc by 101.1% in the third quarter. Lombard Odier Asset Management USA Corp now owns 268,780 shares of the mining company’s stock worth $8,166,000 after buying an additional 135,125 shares during the period. 3.89% of the stock is owned by hedge funds and other institutional investors.

BHP Billiton plc 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “BBL”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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