BHP Billiton (BBL) Stock Rating Reaffirmed by Jefferies Group

BHP Billiton (NYSE:BBL)‘s stock had its “hold” rating reissued by Jefferies Group in a report released on Monday. They currently have a $40.00 price target on the mining company’s stock. Jefferies Group’s target price points to a potential downside of 7.58% from the company’s current price.

Separately, Zacks Investment Research raised shares of BHP Billiton from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research report on Tuesday, December 19th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $41.50.

BHP Billiton (NYSE BBL) opened at $43.28 on Monday. BHP Billiton has a 52-week low of $28.73 and a 52-week high of $43.63. The firm has a market cap of $123,510.00, a P/E ratio of 19.58, a PEG ratio of 2.93 and a beta of 1.05. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.53 and a current ratio of 1.85.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. HighTower Advisors LLC boosted its holdings in BHP Billiton by 2.9% in the 2nd quarter. HighTower Advisors LLC now owns 9,758 shares of the mining company’s stock worth $300,000 after buying an additional 275 shares during the period. Stifel Financial Corp boosted its holdings in BHP Billiton by 2.2% in the 2nd quarter. Stifel Financial Corp now owns 22,404 shares of the mining company’s stock worth $685,000 after buying an additional 477 shares during the period. Advisor Group Inc. boosted its holdings in BHP Billiton by 3.9% in the 2nd quarter. Advisor Group Inc. now owns 16,779 shares of the mining company’s stock worth $514,000 after buying an additional 624 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in BHP Billiton by 14.0% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 7,719 shares of the mining company’s stock worth $237,000 after buying an additional 947 shares during the period. Finally, Knowledge Leaders Capital LLC boosted its holdings in BHP Billiton by 59.3% in the 3rd quarter. Knowledge Leaders Capital LLC now owns 3,939 shares of the mining company’s stock worth $140,000 after buying an additional 1,467 shares during the period. 4.39% of the stock is owned by institutional investors.

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BHP Billiton 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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