BHP Billiton PLC (BBL) Earns Sell Rating from J P Morgan Chase & Co

J P Morgan Chase & Co reaffirmed their sell rating on shares of BHP Billiton PLC (NYSE:BBL) in a research note issued to investors on Friday.

Several other brokerages also recently issued reports on BBL. Jefferies Group reiterated a buy rating and set a $38.00 price target on shares of BHP Billiton PLC in a research report on Sunday, October 16th. Citigroup Inc. reiterated a sell rating on shares of BHP Billiton PLC in a research report on Thursday, October 13th. Zacks Investment Research upgraded shares of BHP Billiton PLC from a hold rating to a buy rating and set a $34.00 price target on the stock in a research report on Tuesday, October 4th. RBC Capital Markets reiterated a sector perform rating on shares of BHP Billiton PLC in a research report on Friday, October 7th. Finally, Barclays PLC reiterated an equal weight rating on shares of BHP Billiton PLC in a research report on Thursday, November 10th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $37.00.

BHP Billiton PLC (NYSE:BBL) traded up 1.20% on Friday, hitting $34.62. 1,349,698 shares of the stock traded hands. The stock’s market capitalization is $92.13 billion. BHP Billiton PLC has a 12-month low of $16.36 and a 12-month high of $35.83. The company’s 50 day moving average price is $33.03 and its 200-day moving average price is $29.25.

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Hedge funds have recently bought and sold shares of the company. Integrated Investment Consultants LLC acquired a new stake in BHP Billiton PLC during the third quarter worth about $109,000. BlackRock Advisors LLC acquired a new position in shares of BHP Billiton PLC during the second quarter valued at $113,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of BHP Billiton PLC by 448.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,792 shares of the mining company’s stock valued at $122,000 after buying an additional 3,918 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of BHP Billiton PLC by 538.6% in the third quarter. PNC Financial Services Group Inc. now owns 4,700 shares of the mining company’s stock valued at $142,000 after buying an additional 3,964 shares in the last quarter. Finally, Barclays PLC boosted its position in shares of BHP Billiton PLC by 289.7% in the second quarter. Barclays PLC now owns 5,846 shares of the mining company’s stock valued at $149,000 after buying an additional 4,346 shares in the last quarter. 4.08% 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.

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