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Jefferies downgraded BHP Billiton (NYSE:BHP) from Buy to Hold in a report released today.

Jefferies has downgraded BHP Billiton (NYSE:BHP) from Buy to Hold in a report released on Thursday June 08, 2017.

Yesterday BHP Billiton (NYSE:BHP) traded -1.47% lower at $34.88. The company’s 50-day moving average is $42.17 and its 200-day moving average is $38.37. The last stock close price is down 6.66% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time. 3,144,405 shares of the stock were exchanged, up from an average trading volume of 2,414,760

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BHP Billiton (NYSE:BHP)

BHP Billiton has a 52 week low of $33.31 and a 52 week high of $44.62 with a P/E ratio of 18.53 The company’s market cap is currently $0.

In addition to Jefferies reporting its target price, a total of 4 firms have issued a report on the stock. The consensus target price is $27.97 with 1 firm rating the stock a strong buy, 0 firms rating the stock a buy, 4 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About BHP Billiton (NYSE:BHP)

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. The Copper segment is engaged in mining of copper, silver, lead, zinc, molybdenum, uranium and gold. The Iron Ore segment is engaged in mining of iron ore. The Coal segment is engaged in mining of metallurgical coal and thermal (energy) coal. Its businesses include Minerals Australia, Minerals Americas, Petroleum and Marketing. The Company extracts and processes minerals, oil and gas from its production operations located primarily in Australia and the Americas. The Company manages product distribution through its global logistics chain, including freight and pipeline transportation. Its businesses include Minerals Australia, Minerals Americas, Petroleum and Marketing.

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