BHP Billiton Limited (BHP) Receives $34.01 Consensus PT from Brokerages
BHP Billiton Limited (NYSE:BHP) has been assigned an average recommendation of “Hold” from the nineteen analysts that are presently covering the company. Fourteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $34.01.
Several research firms recently weighed in on BHP. Sanford C. Bernstein reiterated a “market perform” rating on shares of BHP Billiton Limited in a report on Saturday. Credit Suisse Group cut shares of BHP Billiton Limited from an “outperform” rating to a “neutral” rating in a report on Wednesday, December 7th. Citigroup Inc. upgraded shares of BHP Billiton Limited from a “sell” rating to a “buy” rating in a report on Monday, December 5th. Argus boosted their target price on shares of BHP Billiton Limited from $40.00 to $46.00 and gave the company a “hold” rating in a report on Thursday, December 1st. Finally, Goldman Sachs Group, Inc. (The) restated a “neutral” rating on shares of BHP Billiton Limited in a report on Tuesday, November 29th.
BHP Billiton Limited (NYSE:BHP) opened at 39.84 on Monday. The stock has a 50 day moving average of $37.56 and a 200-day moving average of $33.68. The company’s market cap is $106.02 billion. BHP Billiton Limited has a 12 month low of $18.46 and a 12 month high of $40.20.
A number of institutional investors have recently made changes to their positions in the company. Jarislowsky Fraser Ltd boosted its position in shares of BHP Billiton Limited by 2,730.8% in the second quarter. Jarislowsky Fraser Ltd now owns 26,407,326 shares of the mining company’s stock worth $1,116,711,000 after buying an additional 25,474,458 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of BHP Billiton Limited by 54.5% in the second quarter. JPMorgan Chase & Co. now owns 1,233,844 shares of the mining company’s stock worth $35,238,000 after buying an additional 434,999 shares during the period. Capital Growth Management LP acquired a new position in shares of BHP Billiton Limited during the third quarter worth $41,580,000. TIAA CREF Investment Management LLC acquired a new position in shares of BHP Billiton Limited during the third quarter worth $27,153,000. Finally, Parametric Portfolio Associates LLC raised its position in shares of BHP Billiton Limited by 4.7% in the second quarter. Parametric Portfolio Associates LLC now owns 638,699 shares of the mining company’s stock worth $18,241,000 after buying an additional 28,920 shares during the period. Institutional investors own 2.74% of the company’s stock.
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About BHP Billiton Limited
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.
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