BHP Billiton plc (BBL) Shares Rating Lowered by ValuEngine

BHP Billiton plc (BBL) Shares Rating Lowered by ValuEngine

BHP Billiton plc (NYSE:BBL) was downgraded by equities researchers at ValuEngine from a “strong-buy” rating to a “buy” rating in a report issued on Friday.

Several other brokerages also recently weighed in on BBL. Zacks Investment Research upgraded BHP Billiton plc from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research report on Wednesday, April 5th. Citigroup Inc restated a “buy” rating on shares of BHP Billiton plc in a report on Monday, May 15th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. BHP Billiton plc currently has an average rating of “Hold” and an average price target of $36.00.

Shares of BHP Billiton plc (NYSE BBL) traded up 0.29% on Friday, reaching $30.64. 1,313,613 shares of the company were exchanged. BHP Billiton plc has a 12-month low of $22.37 and a 12-month high of $37.44. The stock’s 50-day moving average is $30.78 and its 200 day moving average is $32.71. The firm has a market capitalization of $81.53 billion, a PE ratio of 32.88 and a beta of 1.20.

A number of large investors have recently modified their holdings of the company. Cypress Wealth Advisors LLC boosted its stake in shares of BHP Billiton plc by 4.2% in the fourth quarter. Cypress Wealth Advisors LLC now owns 6,100 shares of the mining company’s stock valued at $218,000 after buying an additional 246 shares during the last quarter. UBS Group AG boosted its stake in shares of BHP Billiton plc by 1.0% in the first quarter. UBS Group AG now owns 65,191 shares of the mining company’s stock valued at $2,031,000 after buying an additional 670 shares during the last quarter. Montgomery Investment Management Inc. boosted its stake in shares of BHP Billiton plc by 2.4% in the first quarter. Montgomery Investment Management Inc. now owns 33,531 shares of the mining company’s stock valued at $1,045,000 after buying an additional 800 shares during the last quarter. Comerica Bank boosted its stake in shares of BHP Billiton plc by 1.3% in the first quarter. Comerica Bank now owns 63,976 shares of the mining company’s stock valued at $1,933,000 after buying an additional 807 shares during the last quarter. Finally, Bridge Creek Capital Management LLC boosted its stake in shares of BHP Billiton plc by 4.8% in the first quarter. Bridge Creek Capital Management LLC now owns 23,915 shares of the mining company’s stock valued at $745,000 after buying an additional 1,100 shares during the last quarter. 3.89% of the stock is currently owned by 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”});

To view ValuEngine’s full report, visit ValuEngine’s official website.

Related posts

Leave a Comment