Reaffirmed: BHP Billiton (LON:BLT) “Outperform” Rating Has Been Reiterated by Macquarie; GBX 870 Target in Place

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BHP Billiton (LON:BLT) Rating Reaffirmed

In an interesting research report sent to clients and investors this morning, Macquarie reaffirmed their “Outperform” rating on BHP Billiton (LON:BLT) shares. The TP gives a possible upside of 27.51% from firm’s last stock close.

From a total of 25 analysts covering BHP Billiton PLC (LON:BLT) stock, 10 rate it a ”Buy”, 2 a “Sell”, and 16 a ”Hold”. This means that 36% of the ratings are positive. The highest target price is GBX 19.78 while the lowest target price is GBX 11.41. The mean of all analyst targets is GBX 16.22 with a 55.95% above today’s (GBX 693.8) stock price. BHP Billiton PLC was the topic of 137 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Credit Suisse upgraded shares on December 15 to “Outperform” rating. Deutsche Bank maintained shares with “Hold” rating and GBX 1300 target share price in a report from a December 3. Citigroup maintained BLT stock in a recent report from December 8 with “Neutral” rating. UBS maintained the rating on November 30. UBS has a “Buy” rating and a GBX 1100 price target on shares. Finally, Jefferies maintained the stock with “Buy” rating in a report issued on a December 3.

Approximately 2.63M shares of stock traded hands. BHP Billiton plc (LON:BLT) has declined 54.25% since May 18, 2015 and is downtrending. It has underperformed by 50.57% the S&P500.

Reaffirmed: BHP Billiton (LON:BLT)

The overall sentiment of institutions has decreased to 0.63 in Q2 2015. Its down 0.28, from 0.91 in 2015Q2. The ratio turned negative, as 35 institutions have sold all the shares of BHP Billiton plc that they owned while 45 funds have taken shares off the table. 12 funds have purchased shares for the first time while 38 added to their positions. These institutions now hold 51.81 million shares or 14.23% more than the 45.35 million shares they owned in 2015Q2.

The Fund P2 Capital Partners Llc currently is holding shares equating to 7.95% of its total portfolio in BHP Billiton plc representing a total of 7.37 million shares. Another fund,Eqis Capital Management Inc., is holding a total of 185,437 shares equating to 1.99% of their holdings. Additionally, Adirondack Research & Management Inc. has a 673,194 share stake in BHP Billiton plc which represents 1.44% of their total portfolio. The Fund, Towle & Co, based out of Missouri, has also built up a stake in the stock, which represents a total of 1.42% of their total portfolio. Finally Ami Investment Management Inc, a fund which is based in the state of Indiana reported a total holdings of 230,200 shares.

BHP Billiton Plc is engaged in exploration, development, production, processing and marketing of minerals, in respect of iron ore, metallurgical and energy coal, copper, aluminum, manganese, uranium, nickel, silver and potash, and exploration, development, production and marketing of conventional and unconventional gas and oil. The company has a market cap of 40.95 billion GBP. The Firm operates through divisions, including Petroleum and Potash, Copper, Iron Ore and Coal. It has 16.37 P/E ratio. The Company’s Petroleum and Potash segment is engaged in exploration, development and production of gas and oil and potash pre-development.

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