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BTT - Macquarie rates the stock as Outperform
BY BROKER NEWS - 13/07/2017 | VIEW MORE BROKER UPDATES

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BTT - BT INVESTMENT MANAGEMENT LIMITED


BT saw 3.1% funds inflows in June for 9.4% year on year, exceeding Macquarie's 5% plus performance benchmark. The manager's new strategies are approaching a three-year track record and funds are attracting new flows and generating performance fees.

BT's share price is nevertheless down -16% since the May numbers with the index down only -3%, making the fund manager attractively priced in Macquarie's view. Upgrade to Outperform. Target rises to $12.05 from $11.70.

Sector: Diversified Financials.

Target price is $12.05.Current Price is $10.73. Difference: $1.32 - (brackets indicate current price is over target). If BTT meets the Macquarie target it will return approximately 11% (excluding dividends, fees and charges - negative figures indicate an expected loss).



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The content of this information does in no way reflect the opinions of FN Arena, or of its journalists. In fact we don't have any opinion about the stock market, its value, future direction or individual shares. FN Arena solely reports about what the main experts in the market note, believe and comment on. By doing so we believe we provide intelligent investors with a valuable tool that helps them in making up their own minds, reading market trends and getting a feel for what is happening beneath the surface. This document is provided for informational purposes only. It does not constitute an offer to sell or a solicitation to buy any security or other financial instrument. FN Arena employs very experienced journalists who base their work on information believed to be reliable and accurate, though no guarantee is given that the daily report is accurate or complete. Investors should contact their personal adviser before making any investment decision.

 

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