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

Other research analysts also recently issued research reports about the company. Jefferies Group LLC downgraded BHP Billiton Limited from a buy rating to a hold rating and set a $32.00 target price on the stock. in a research note on Thursday, June 8th. Citigroup Inc. upgraded BHP Billiton Limited from a neutral rating to a buy rating in a research note on Wednesday, April 26th. Zacks Investment Research downgraded BHP Billiton Limited from a hold rating to a sell rating in a research note on Monday, June 12th. Investec upgraded BHP Billiton Limited from a hold rating to a buy rating in a research note on Friday, March 17th. Finally, Goldman Sachs Group, Inc. (The) downgraded BHP Billiton Limited from a neutral rating to a sell rating in a research note on Tuesday, April 25th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $35.13.

BHP Billiton Limited (BHP) traded up 0.52% during trading on Friday, hitting $34.70. The stock had a trading volume of 4,049,191 shares. The firm has a market cap of $92.34 billion, a price-to-earnings 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. BHP Billiton Limited has a 1-year low of $25.75 and a 1-year high of $41.79.

ILLEGAL ACTIVITY WARNING: “BHP Billiton Limited (BHP) Downgraded to “Sell” at BidaskClub” was first reported by Financial Market News and is owned by of Financial Market News. If you are accessing this report on another publication, it was copied illegally and reposted in violation of United States & international copyright law. The legal version of this report can be viewed at https://www.financial-market-news.com/2017/06/17/bhp-billiton-limited-bhp-downgraded-to-sell-at-bidaskclub.html.

Several institutional investors have recently bought and sold shares of the company. Tyers Asset Management LLC acquired a new position in BHP Billiton Limited during the fourth quarter valued at $880,000. Flinton Capital Management LLC acquired a new position in BHP Billiton Limited during the fourth quarter valued at $1,068,000. Pacad Investment Ltd. boosted its position in BHP Billiton Limited by 2,500.0% in the fourth quarter. Pacad Investment Ltd. now owns 23,400 shares of the mining company’s stock valued at $837,000 after buying an additional 22,500 shares in the last quarter. Allianz Asset Management AG acquired a new position in BHP Billiton Limited during the fourth quarter valued at $12,416,000. Finally, Brown Advisory Inc. boosted its position in BHP Billiton Limited by 1.0% in the fourth quarter. Brown Advisory Inc. now owns 13,217 shares of the mining company’s stock valued at $474,000 after buying an additional 128 shares in the last quarter. 2.99% of the stock is owned by institutional investors and hedge funds.

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.

Receive News & Ratings for BHP Billiton Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BHP Billiton Limited and related companies with MarketBeat.com's FREE daily email newsletter.