BHP Billiton (LON:BLT) Rating Reaffirmed
In analysts note shared with investors on Monday morning, The Market Perform rating of BHP Billiton (LON:BLT) shares was has decided to reaffirm by Analysts at Bernstein, who now has a GBX 790 PT on the stock. Bernstein’s PT may imply a possible upside of 0.46% from the stock price of the company.
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 27.65 while the lowest target price is GBX 11.21. The mean of all analyst targets is GBX 16.58 with a 45.40% above today’s (GBX 781.8) stock price. BHP Billiton PLC was the topic of 133 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Citigroup maintained shares on December 4 with “Neutral” rating. Macquarie Research maintained shares with “Outperform” rating and GBX 1250 target share price in a report from a November 30. Jefferies maintained BLT stock in a recent report from December 3 with “Buy” rating. Bernstein maintained the rating on November 30. Bernstein has a “Market Perform” rating and a GBX 1850 price target on shares. Finally, UBS maintained the stock with “Buy” rating in a report issued on a November 30.
Approximately 1.96 million shares of stock traded hands. BHP Billiton plc (LON:BLT) has declined 45.88% since May 8, 2015 and is downtrending. It has underperformed by 44.80% the S&P500.
The overall sentiment of institutions has decreased to 0.63 in Q2 2015. Its down 0.28, from 0.91 in 2015Q2. The ratio worsened, 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 44.04 billion GBP. The Firm operates through divisions, including Petroleum and Potash, Copper, Iron Ore and Coal. It has 18.45 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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