Deutsche Bank Aktiengesellschaft Cuts BHP Group (LON:BHP) Price Target to GBX 2,400

BHP Group (LON:BHPGet Rating) had its target price dropped by Deutsche Bank Aktiengesellschaft from GBX 2,500 ($30.82) to GBX 2,400 ($29.59) in a research note issued on Wednesday, MarketBeat Ratings reports. The brokerage presently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential downside of 3.60% from the company’s current price.

Several other research analysts also recently weighed in on the stock. Citigroup restated a “neutral” rating and set a GBX 2,250 ($27.74) price target on shares of BHP Group in a research report on Tuesday, February 8th. Barclays reissued an “equal weight” rating and set a GBX 2,700 ($33.29) target price on shares of BHP Group in a report on Wednesday, May 4th. Berenberg Bank reiterated a “hold” rating and set a GBX 2,700 ($33.29) price target on shares of BHP Group in a research report on Monday. Liberum Capital reissued a “sell” rating and issued a GBX 1,750 ($21.58) price objective on shares of BHP Group in a research note on Monday, February 28th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a GBX 2,700 ($33.29) target price on shares of BHP Group in a research note on Wednesday, May 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of GBX 2,478.57 ($30.56).

Shares of LON BHP opened at GBX 2,489.50 ($30.69) on Wednesday. The company has a debt-to-equity ratio of 36.09, a quick ratio of 0.86 and a current ratio of 1.92. The firm has a fifty day moving average of GBX 2,762.86 and a 200 day moving average of GBX 2,417.96. The firm has a market cap of £126.03 billion and a PE ratio of 9.28. BHP Group has a one year low of GBX 1,774.56 ($21.88) and a one year high of GBX 3,040 ($37.48).

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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