BHP Billiton PLC (BBL) Rating Reiterated by Barclays PLC
BHP Billiton PLC (NYSE:BBL)‘s stock had its “equal weight” rating reaffirmed by stock analysts at Barclays PLC in a research note issued on Thursday.
BBL has been the subject of a number of other reports. Zacks Investment Research raised shares of BHP Billiton PLC from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research note on Tuesday, October 4th. RBC Capital Markets reaffirmed a “sector perform” rating on shares of BHP Billiton PLC in a research note on Friday, October 7th. Deutsche Bank AG reaffirmed a “hold” rating on shares of BHP Billiton PLC in a research note on Wednesday, September 7th. Investec reaffirmed a “hold” rating on shares of BHP Billiton PLC in a research note on Friday, August 26th. Finally, Citigroup Inc. reaffirmed a “sell” rating on shares of BHP Billiton PLC in a research note on Thursday, October 13th. Two analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $36.00.
Shares of BHP Billiton PLC (NYSE:BBL) opened at 33.07 on Thursday. The company has a 50-day moving average of $30.38 and a 200-day moving average of $26.87. The stock’s market capitalization is $88.01 billion. BHP Billiton PLC has a 12-month low of $16.36 and a 12-month high of $34.41.
Institutional investors have recently added to or reduced their stakes in the company. Cambiar Investors LLC purchased a new position in BHP Billiton PLC during the third quarter worth approximately $121,594,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in BHP Billiton PLC during the third quarter worth approximately $58,251,000. Morgan Stanley increased its position in 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 in the last quarter. Emerald Acquisition Ltd. purchased a new position in BHP Billiton PLC during the second quarter worth approximately $16,999,000. Finally, Polaris Capital Management LLC increased its position in BHP Billiton PLC by 15.8% in the second quarter. Polaris Capital Management LLC now owns 4,034,548 shares of the mining company’s stock worth $102,397,000 after buying an additional 549,800 shares in the last quarter. Hedge funds and other institutional investors own 3.91% of the company’s stock.
About BHP Billiton PLC
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.
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