BHP Billiton PLC (NYSE:BBL)‘s stock had its “buy” rating reiterated by stock analysts at Jefferies Group in a research note issued on Sunday. They presently have a $38.00 target price on the mining company’s stock. Jefferies Group’s price target would suggest a potential upside of 28.60% from the company’s previous close.

Several other brokerages have also recently weighed in on BBL. RBC Capital Markets reissued a “sector perform” rating on shares of BHP Billiton PLC in a research note on Friday, October 7th. Zacks Investment Research raised BHP Billiton PLC from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a research note on Tuesday, October 4th. Citigroup Inc. reissued a “sell” rating on shares of BHP Billiton PLC in a research note on Thursday. Investec reissued a “hold” rating on shares of BHP Billiton PLC in a research note on Friday, August 26th. Finally, Deutsche Bank AG reissued a “hold” rating on shares of BHP Billiton PLC in a research note on Thursday, August 18th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. BHP Billiton PLC has a consensus rating of “Hold” and an average target price of $36.00.

Analyst Recommendations for BHP Billiton PLC (NYSE:BBL)

Shares of BHP Billiton PLC (NYSE:BBL) opened at 29.55 on Friday. The firm has a 50-day moving average price of $28.37 and a 200 day moving average price of $25.98. The company’s market cap is $78.64 billion. BHP Billiton PLC has a 1-year low of $16.36 and a 1-year high of $35.36.

The company also recently disclosed a dividend, which was paid on Tuesday, September 20th. Shareholders of record on Friday, September 2nd were paid a $0.28 dividend. The ex-dividend date of this dividend was Wednesday, August 31st.

A number of large investors have recently made changes to their positions in BBL. Bank of Montreal Can purchased a new stake in shares of BHP Billiton PLC during the second quarter worth approximately $1,643,000. Nikko Asset Management Americas Inc. boosted its stake in shares of BHP Billiton PLC by 30.6% in the second quarter. Nikko Asset Management Americas Inc. now owns 1,796,112 shares of the mining company’s stock worth $43,825,000 after buying an additional 420,400 shares during the period. Fox Run Management L.L.C. purchased a new stake in shares of BHP Billiton PLC during the second quarter worth approximately $292,000. Seven Eight Capital LLC boosted its stake in shares of BHP Billiton PLC by 859.8% in the first quarter. Seven Eight Capital LLC now owns 8,648 shares of the mining company’s stock worth $197,000 after buying an additional 7,747 shares during the period. Finally, LPL Financial LLC boosted its stake in shares of BHP Billiton PLC by 35.7% in the first quarter. LPL Financial LLC now owns 82,748 shares of the mining company’s stock worth $1,736,000 after buying an additional 21,771 shares during the period. 3.52% of the stock is owned by hedge funds and other institutional investors.

BHP Billiton PLC Company Profile

BHP Billiton Plc is engaged in exploration, development, production, processing and marketing of minerals, in respect of iron ore, metallurgical and energy coal, copper, aluminum, manganese, uranium, nickel, silver and potash, and exploration, development, production and marketing of conventional and unconventional oil and gas.

5 Day Chart for NYSE:BBL

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