ValuEngine upgraded shares of BHP Billiton PLC (NYSE:BBL) from a buy rating to a strong-buy rating in a research note published on Wednesday morning.

Several other equities research analysts also recently issued reports on the stock. Zacks Investment Research raised shares of BHP Billiton PLC from a hold rating to a buy rating and set a $37.00 price objective for the company in a research report on Tuesday, April 11th. Citigroup Inc. reissued a buy rating on shares of BHP Billiton PLC in a research report on Tuesday, April 11th. BidaskClub raised shares of BHP Billiton PLC from a sell rating to a hold rating in a research report on Tuesday, July 11th. UBS AG reissued a neutral rating on shares of BHP Billiton PLC in a research report on Thursday, April 27th. Finally, Jefferies Group LLC set a $37.00 price objective on shares of BHP Billiton PLC and gave the stock a buy rating in a research report on Friday, May 19th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $33.50.

BHP Billiton PLC (NYSE BBL) opened at 33.89 on Wednesday. BHP Billiton PLC has a 52-week low of $24.08 and a 52-week high of $37.44. The stock has a market capitalization of $90.18 billion, a PE ratio of 36.36 and a beta of 1.02. The firm’s 50-day moving average is $31.26 and its 200 day moving average is $32.32.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cambiar Investors LLC increased its position in BHP Billiton PLC by 41.7% in the first quarter. Cambiar Investors LLC now owns 4,810,247 shares of the mining company’s stock worth $149,839,000 after buying an additional 1,415,077 shares during the period. Morgan Stanley increased its position in BHP Billiton PLC by 33.9% in the first quarter. Morgan Stanley now owns 2,496,519 shares of the mining company’s stock worth $77,767,000 after buying an additional 631,725 shares during the period. Bank of America Corp DE increased its position in BHP Billiton PLC by 53.3% in the first quarter. Bank of America Corp DE now owns 1,603,372 shares of the mining company’s stock worth $49,944,000 after buying an additional 557,149 shares during the period. MARSHALL WACE ASIA Ltd acquired a new position in BHP Billiton PLC during the first quarter worth $12,427,000. Finally, Marshall Wace North America L.P. acquired a new position in BHP Billiton PLC during the first quarter worth $12,427,000. 4.39% of the stock is owned by institutional investors and hedge funds.

About BHP Billiton PLC

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.

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

Analyst Recommendations for BHP Billiton PLC (NYSE:BBL)

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