BHP Billiton Limited (BHP) Downgraded by BidaskClub to “Sell”

BidaskClub downgraded shares of BHP Billiton Limited (NYSE:BHP) from a hold rating to a sell rating in a research note released on Saturday morning.

Several other equities analysts have also recently commented on BHP. Zacks Investment Research cut shares of BHP Billiton Limited from a hold rating to a sell rating in a research note on Monday, June 12th. Jefferies Group LLC cut shares of BHP Billiton Limited from a buy rating to a hold rating and set a $32.00 target price for the company. in a research note on Thursday, June 8th. Citigroup Inc. upgraded shares of BHP Billiton Limited from a neutral rating to a buy rating in a research note on Wednesday, April 26th. Goldman Sachs Group, Inc. (The) cut shares of BHP Billiton Limited from a neutral rating to a sell rating in a research note on Tuesday, April 25th. Finally, HSBC Holdings plc upgraded shares of BHP Billiton Limited from a hold rating to a buy rating and cut their target price for the company from $41.79 to $25.75 in a research note on Wednesday, April 19th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $35.13.

BHP Billiton Limited (NYSE BHP) traded up 0.52% during midday trading on Friday, reaching $34.70. 4,049,191 shares of the company were exchanged. BHP Billiton Limited has a one year low of $25.75 and a one year high of $41.79. The firm has a market cap of $92.34 billion, a P/E ratio of 37.23 and a beta of 1.12. The firm’s 50-day moving average is $35.37 and its 200-day moving average is $37.34.

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Large investors have recently modified their holdings of the company. Proficio Capital Partners LLC raised its stake 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 worth $114,000 after buying an additional 1,727 shares in the last quarter. Fifth Third Bancorp raised its stake 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 worth $121,000 after buying an additional 426 shares in the last quarter. Bollard Group LLC raised its stake 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 worth $127,000 after buying an additional 2,349 shares in the last quarter. Cohen Capital Management Inc. bought a new stake in shares of BHP Billiton Limited during the first quarter worth approximately $131,000. Finally, Advisory Services Network LLC bought a new stake in shares of BHP Billiton Limited during the first quarter worth approximately $159,000. 2.99% of the stock is currently owned by hedge funds and other institutional investors.

BHP Billiton Limited Company Profile

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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