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Deutsche Bank AG Reaffirms "Hold" Rating for BHP Billiton plc (BLT)

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29 May, 2017

7,039,251 shares of the company's stock were exchanged. State Street Corp's holdings in BHP Billiton Limited were worth $4,339,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. JJJ Advisors Inc. bought a new stake in BHP Billiton Limited during the fourth quarter valued at approximately $143,000. Fifth Third Bancorp now owns 3,345 shares of the mining company's stock valued at $121,000 after buying an additional 426 shares during the period. Wetherby Asset Management Inc. now owns 27,606 shares of the mining company's stock valued at $988,000 after buying an additional 263 shares during the period. Tocqueville Asset Management L.P. now owns 837,654 shares of the mining company's stock valued at $30,424,000 after buying an additional 63,379 shares during the period. Finally, Commerzbank Aktiengesellschaft FI boosted its position in shares of BHP Billiton Limited by 41.7% in the fourth quarter.

BHP Billiton plc (NYSE:BBL) traded down 1.21% during trading on Monday, reaching $30.90. About 1.35M shares traded. The stock's 50 day moving average price is GBX 1,203.81 and its 200-day moving average price is GBX 1,304.74. BHP Billiton Limited has a 52 week low of $25.75 and a 52 week high of $41.79. The firm's market capitalization is GBX 64.26 billion.

COPYRIGHT VIOLATION NOTICE: "BHP Billiton plc (BBL) Given Consensus Recommendation of "Hold" by Brokerages" was first published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this story on another publication, it was copied illegally and reposted in violation of US and worldwide trademark and copyright legislation. The correct version of this story can be read at https://transcriptdaily.com/2017/05/28/bhp-billiton-plc-blt-earns-hold-rating-from-deutsche-bank-ag-updated-updated.html. Citigroup Inc raised BHP Billiton Limited from a "neutral" rating to a "buy" rating in a report on Wednesday, April 26th. Liberum Capital maintained BHP Billiton plc (LON:BLT) rating on Tuesday, February 21. Jefferies Group LLC set a $37.00 price target on BHP Billiton plc and gave the company a "buy" rating in a report on Friday, May 19th. Finally, Zacks Investment Research lowered BHP Billiton plc from a "hold" rating to a "sell" rating in a report on Tuesday, May 9th. The firm earned "Buy" rating on Tuesday, August 23 by Jefferies. Five investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company's stock. The company presently has a consensus rating of "Hold" and a consensus price target of GBX 1,300.48 ($16.92).

BHP Billiton Limited (ADR) (NYSE:BHP) has risen 34.32% since May 29, 2016 and is uptrending.


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