HSBC Holdings plc downgraded shares of BHP Billiton Limited (NYSE:BHP) from a buy rating to a hold rating in a research report released on Friday, July 14th, Marketbeat reports.
Several other equities research analysts have also issued reports on BHP. Investec raised BHP Billiton Limited from a hold rating to a buy rating in a research note on Friday, March 17th. Zacks Investment Research downgraded BHP Billiton Limited from a strong-buy rating to a hold rating in a report on Friday, April 21st. Goldman Sachs Group, Inc. (The) downgraded BHP Billiton Limited from a neutral rating to a sell rating in a report on Tuesday, April 25th. Citigroup Inc. upgraded BHP Billiton Limited from a neutral rating to a buy rating in a report on Wednesday, April 26th. Finally, Jefferies Group LLC downgraded BHP Billiton Limited from a buy rating to a hold rating and set a $32.00 price objective on the stock. in a report on Thursday, June 8th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $34.24.
Shares of BHP Billiton Limited (BHP) traded up 1.00% during trading on Friday, reaching $41.21. 1,757,926 shares of the company were exchanged. BHP Billiton Limited has a one year low of $28.97 and a one year high of $41.79. The firm’s 50 day moving average price is $37.31 and its 200 day moving average price is $37.36. The company has a market capitalization of $109.66 billion, a PE ratio of 44.22 and a beta of 1.12.
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A number of large investors have recently bought and sold shares of the company. Huntington National Bank raised its stake in BHP Billiton Limited by 25.3% in the second quarter. Huntington National Bank now owns 2,837 shares of the mining company’s stock valued at $101,000 after buying an additional 572 shares during the period. Proficio Capital Partners LLC boosted its position in shares of BHP Billiton Limited by 122.8% in the first quarter. Proficio Capital Partners LLC now owns 3,133 shares of the mining company’s stock valued at $114,000 after buying an additional 1,727 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of BHP Billiton Limited by 14.6% in the first quarter. Fifth Third Bancorp now owns 3,345 shares of the mining company’s stock valued at $121,000 after buying an additional 426 shares in the last quarter. Bollard Group LLC boosted its position in shares of BHP Billiton Limited by 205.3% in the first quarter. Bollard Group LLC now owns 3,493 shares of the mining company’s stock valued at $127,000 after buying an additional 2,349 shares in the last quarter. Finally, Cohen Capital Management Inc. bought a new position in shares of BHP Billiton Limited during the first quarter valued at $131,000. Institutional investors own 2.95% of the company’s stock.
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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