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

BHP Group (LON:BHPGet Rating)‘s stock had its “hold” rating reaffirmed by research analysts at Berenberg Bank in a note issued to investors on Monday, Digital Look reports. They currently have a GBX 2,700 ($33.29) price target on the stock. Berenberg Bank’s price objective would suggest a potential upside of 6.80% from the company’s current price.

A number of other analysts have also commented on BHP. Citigroup reiterated a “neutral” rating and issued a GBX 2,250 ($27.74) price objective on shares of BHP Group in a research report on Tuesday, February 8th. Deutsche Bank Aktiengesellschaft lifted their price objective on BHP Group from GBX 2,300 ($28.36) to GBX 2,500 ($30.82) and gave the stock a “hold” rating in a research report on Tuesday, April 5th. Barclays reiterated an “equal weight” rating and issued a GBX 2,700 ($33.29) price objective on shares of BHP Group in a research report on Wednesday, May 4th. Liberum Capital reiterated a “sell” rating and issued a GBX 1,750 ($21.58) price objective on shares of BHP Group in a research report on Monday, February 28th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a GBX 2,700 ($33.29) price objective on shares of BHP Group in a research report on Wednesday, May 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of GBX 2,492.86 ($30.73).

BHP Group stock opened at GBX 2,528.18 ($31.17) on Monday. The stock has a 50-day simple moving average of GBX 2,767.92 and a 200 day simple moving average of GBX 2,409.09. The company has a quick ratio of 0.86, a current ratio of 1.92 and a debt-to-equity ratio of 36.09. The stock has a market capitalization of £127.98 billion and a price-to-earnings ratio of 9.39. BHP Group has a 12-month low of GBX 1,774.56 ($21.88) and a 12-month high of GBX 3,040 ($37.48).

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.

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