BHP Billiton Limited (BHP) Rating Increased to Buy at Investec

BHP Billiton Limited (NYSE:BHP) was upgraded by research analysts at Investec from a “hold” rating to a “buy” rating in a report issued on Friday.

BHP has been the subject of several other research reports. Credit Suisse Group AG downgraded BHP Billiton Limited from an “outperform” rating to a “neutral” rating in a research report on Wednesday, December 7th. Jefferies Group LLC reissued a “buy” rating on shares of BHP Billiton Limited in a research report on Thursday, January 26th. Sanford C. Bernstein reissued a “market perform” rating on shares of BHP Billiton Limited in a research report on Saturday, January 14th. Argus raised their price target on BHP Billiton Limited from $40.00 to $46.00 and gave the stock a “hold” rating in a research report on Thursday, December 1st. Finally, Goldman Sachs Group Inc reissued a “neutral” rating on shares of BHP Billiton Limited in a research report on Tuesday, November 29th. Eleven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. BHP Billiton Limited has an average rating of “Hold” and an average target price of $37.21.

Analyst Recommendations for BHP Billiton Limited (NYSE:BHP)

Shares of BHP Billiton Limited (NYSE:BHP) opened at 38.45 on Friday. The stock has a market cap of $102.32 billion, a P/E ratio of 41.26 and a beta of 1.22. BHP Billiton Limited has a one year low of $23.40 and a one year high of $41.79. The firm’s 50-day moving average price is $39.00 and its 200 day moving average price is $36.54.

The business also recently disclosed a semiannual dividend, which will be paid on Tuesday, March 28th. Shareholders of record on Friday, March 10th will be paid a dividend of $0.80 per share. This represents a dividend yield of 4.23%. The ex-dividend date of this dividend is Wednesday, March 8th. This is a boost from BHP Billiton Limited’s previous semiannual dividend of $0.32.

Your IP Address:

Several hedge funds and other institutional investors have recently modified their holdings of BHP. NEXT Financial Group Inc boosted its position in shares of BHP Billiton Limited by 657.6% in the third quarter. NEXT Financial Group Inc now owns 3,076 shares of the mining company’s stock worth $107,000 after buying an additional 2,670 shares in the last quarter. JJJ Advisors Inc. bought a new position in shares of BHP Billiton Limited during the fourth quarter worth approximately $143,000. Duncker Streett & Co. Inc. boosted its position in shares of BHP Billiton Limited by 20.7% in the third quarter. Duncker Streett & Co. Inc. now owns 4,680 shares of the mining company’s stock worth $162,000 after buying an additional 802 shares in the last quarter. Carroll Financial Associates Inc. boosted its position in shares of BHP Billiton Limited by 0.9% in the third quarter. Carroll Financial Associates Inc. now owns 5,061 shares of the mining company’s stock worth $175,000 after buying an additional 47 shares in the last quarter. Finally, Capital Innovations LLC bought a new position in shares of BHP Billiton Limited during the third quarter worth approximately $203,000. Institutional investors own 2.86% of the company’s stock.

BHP Billiton Limited Company Profile

BHP Billiton Limited 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.

5 Day Chart for NYSE:BHP

Receive News & Ratings for BHP Billiton Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BHP Billiton Limited and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply