BHP Group’s (BHP) Hold Rating Reiterated at Berenberg Bank

BHP Group (LON:BHP – Get Rating)‘s stock had its “hold” rating reaffirmed by analysts at Berenberg Bank in a research note issued to investors on Thursday, Marketbeat reports. They presently have a GBX 2,700 ($35.13) price objective on the stock. Berenberg Bank’s target price would suggest a potential downside of 1.24% from the company’s previous close.

Other analysts have also recently issued reports about the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a GBX 2,600 ($33.83) price objective on shares of BHP Group in a research report on Tuesday, April 5th. Deutsche Bank Aktiengesellschaft raised their price target on BHP Group from GBX 2,300 ($29.92) to GBX 2,500 ($32.53) and gave the company a “hold” rating in a report on Tuesday, April 5th. Barclays reaffirmed an “equal weight” rating and set a GBX 2,500 ($32.53) price objective on shares of BHP Group in a report on Sunday, March 20th. Citigroup restated a “neutral” rating and set a GBX 2,250 ($29.27) target price on shares of BHP Group in a research report on Tuesday, February 8th. Finally, Liberum Capital reiterated a “sell” rating and issued a GBX 1,750 ($22.77) price target on shares of BHP Group in a report on Monday, February 28th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of GBX 2,450 ($31.88).

BHP Group stock opened at GBX 2,734 ($35.57) on Thursday. BHP Group has a twelve month low of GBX 1,774.56 ($23.09) and a twelve month high of GBX 3,040 ($39.55). The stock has a 50 day moving average of GBX 2,732.15 and a two-hundred day moving average of GBX 2,343.16. The company has a current ratio of 1.92, a quick ratio of 0.86 and a debt-to-equity ratio of 36.09. The stock has a market capitalization of £138.40 billion and a price-to-earnings ratio of 10.69.

BHP Group Company Profile (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.

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