BHP Group (NYSE:BHP) Raised to Buy at Citigroup

BHP Group (NYSE:BHPGet Rating) was upgraded by equities researchers at Citigroup from a “neutral” rating to a “buy” rating in a research note issued to investors on Thursday, April 21st, The Fly reports.

Other equities analysts also recently issued reports about the company. Berenberg Bank upped their target price on BHP Group from GBX 2,200 ($27.48) to GBX 2,300 ($28.73) in a research report on Wednesday, February 23rd. HSBC began coverage on shares of BHP Group in a report on Friday, March 18th. They issued a “hold” rating for the company. Jefferies Financial Group raised their price target on shares of BHP Group from $60.00 to $64.00 in a report on Thursday, February 3rd. DZ Bank began coverage on shares of BHP Group in a report on Thursday, February 3rd. They set a “hold” rating and a $48.20 price target for the company. Finally, Royal Bank of Canada cut their price target on shares of BHP Group from GBX 2,400 ($29.98) to GBX 2,300 ($28.73) in a report on Thursday, January 20th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $1,190.65.

Shares of BHP stock traded up $1.39 during trading hours on Thursday, hitting $69.27. The stock had a trading volume of 4,096,180 shares, compared to its average volume of 5,426,628. The stock’s 50-day moving average price is $72.12 and its two-hundred day moving average price is $64.48. The company has a current ratio of 1.92, a quick ratio of 1.71 and a debt-to-equity ratio of 0.29. BHP Group has a one year low of $51.88 and a one year high of $82.07.

A number of institutional investors have recently added to or reduced their stakes in the business. Exchange Traded Concepts LLC acquired a new stake in shares of BHP Group during the fourth quarter worth $27,000. First PREMIER Bank acquired a new position in shares of BHP Group during the fourth quarter worth approximately $29,000. Holloway Wealth Management LLC purchased a new stake in BHP Group in the 1st quarter valued at $29,000. Addison Advisors LLC grew its stake in BHP Group by 609.3% in the 1st quarter. Addison Advisors LLC now owns 383 shares of the mining company’s stock valued at $30,000 after purchasing an additional 329 shares during the period. Finally, Allworth Financial LP grew its stake in shares of BHP Group by 148.5% during the 1st quarter. Allworth Financial LP now owns 497 shares of the mining company’s stock worth $38,000 after acquiring an additional 297 shares during the period. Institutional investors own 6.73% of the company’s stock.

About BHP Group (Get Rating)

BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, rest of Asia, North America, South America, and internationally. It operates through Petroleum, Copper, Iron Ore, and Coal segments. The company engages in the exploration, development, and production of oil and gas properties; and mining of copper, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.

Featured Articles

The Fly logo

Analyst Recommendations for BHP Group (NYSE:BHP)

Receive News & Ratings for BHP Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BHP Group and related companies with MarketBeat.com's FREE daily email newsletter.