Jefferies Group LLC set a $37.00 target price on BHP Billiton PLC (NYSE:BBL) in a report released on Wednesday morning. The brokerage currently has a buy rating on the mining company’s stock. Jefferies Group also issued estimates for BHP Billiton PLC’s FY2019 earnings at $2.22 EPS and FY2020 earnings at $2.48 EPS.
A number of other equities research analysts have also recently issued reports on the company. Zacks Investment Research upgraded BHP Billiton PLC from a strong sell rating to a hold rating in a research note on Tuesday, August 8th. ValuEngine upgraded BHP Billiton PLC from a buy rating to a strong-buy rating in a research note on Wednesday, July 19th. BidaskClub upgraded BHP Billiton PLC from a sell rating to a hold rating in a research note on Tuesday, July 11th. UBS AG restated a neutral rating on shares of BHP Billiton PLC in a research note on Thursday, April 27th. Finally, Citigroup Inc. restated a buy rating on shares of BHP Billiton PLC in a research note on Monday, May 29th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $36.00.
BHP Billiton PLC (BBL) opened at 37.19 on Wednesday. The company has a 50-day moving average of $35.07 and a 200-day moving average of $32.45. The firm has a market cap of $99.00 billion, a price-to-earnings ratio of 16.84 and a beta of 1.05. BHP Billiton PLC has a 1-year low of $25.61 and a 1-year high of $38.80.
The company also recently disclosed a None dividend, which will be paid on Tuesday, September 26th. Investors of record on Friday, September 8th will be paid a $0.86 dividend. This is a boost from BHP Billiton PLC’s previous None dividend of $0.28. This represents a yield of 4.73%. The ex-dividend date of this dividend is Thursday, September 7th.
Several large investors have recently made changes to their positions in BBL. Oppenheimer Asset Management Inc. bought a new stake in shares of BHP Billiton PLC during the first quarter valued at $108,000. Acrospire Investment Management LLC boosted its stake in shares of BHP Billiton PLC by 113.6% in the second quarter. Acrospire Investment Management LLC now owns 4,700 shares of the mining company’s stock valued at $145,000 after buying an additional 2,500 shares in the last quarter. Cypress Wealth Advisors LLC boosted its stake in shares of BHP Billiton PLC by 7.1% in the first quarter. Cypress Wealth Advisors LLC now owns 6,535 shares of the mining company’s stock valued at $237,000 after buying an additional 435 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of BHP Billiton PLC by 14.0% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 7,719 shares of the mining company’s stock valued at $237,000 after buying an additional 947 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of BHP Billiton PLC by 27.1% in the first quarter. PNC Financial Services Group Inc. now owns 7,866 shares of the mining company’s stock valued at $245,000 after buying an additional 1,678 shares in the last quarter. Hedge funds and other institutional investors own 4.33% of the company’s stock.
BHP Billiton PLC Company Profile
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.
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