Barclays Capital (NYSE: BCS) initiated coverage on shares of BHP Billiton ADR Reptg 2 Ord Shs (NYSE: BHP) in a research note issued on Monday. They set an “overweight” rating on the stock.
Separately, analysts at Zacks Investment Research downgraded shares of BHP Billiton ADR Reptg 2 Ord Shs from a “neutral” rating to an “underperform” rating in a research note to investors on Monday, December 19th. They now have a $63.00 price target on the stock.
BHP Billiton Limited is a diversified natural resources company. The Company operates nine customer sector groups (CSGs): petroleum, aluminium, base metals (including uranium), diamonds and specialty products, stainless steel materials, iron ore, manganese, metallurgical coal and energy coal. During the fiscal year ended June 30, 2010 (fiscal 2010), the Company realized an annual production volume of 158.56 million barrels of oil equivalent. During fiscal 2010, the company produced 1.2 million tonnes of aluminium. It also produced 13.9 million tonnes of bauxite and 3.8 million tonnes of alumina. On March 23, 2010, the Company completed the acquisition of Athabasca Potash Inc (API).
BHP Billiton ADR Reptg 2 Ord Shs traded down 0.89% on Monday, hitting $79.44. BHP Billiton ADR Reptg 2 Ord Shs has a 1-year low of $62.54 and a 1-year high of $104.59. The stock has a 50-day moving average of $73.83 and a 200-day moving average of $77.45. The company has a market cap of $211.4 billion and a price-to-earnings ratio of 9.39.