BHP Group (LON:BHP) Receives “Hold” Rating from Berenberg Bank

BHP Group (LON:BHP)‘s stock had its “hold” rating reaffirmed by analysts at Berenberg Bank in a research note issued to investors on Thursday, Digital Look reports. They presently have a GBX 2,100 ($26.14) target price on the stock. Berenberg Bank’s price objective would suggest a potential downside of 9.13% from the company’s current price.

A number of other equities research analysts have also issued reports on BHP. Barclays cut their price objective on shares of BHP Group from GBX 2,610 ($32.49) to GBX 2,520 ($31.37) and set an “equal weight” rating for the company in a report on Thursday, February 29th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of BHP Group in a research note on Tuesday, April 9th. Citigroup reiterated an “equal weight” rating and issued a GBX 2,610 ($32.49) price target on shares of BHP Group in a research note on Tuesday, February 20th. Jefferies Financial Group restated a “buy” rating and set a GBX 2,700 ($33.61) price objective on shares of BHP Group in a research report on Thursday. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating on shares of BHP Group in a report on Wednesday, February 21st. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of GBX 2,367.50 ($29.47).

BHP Group Price Performance

LON:BHP opened at GBX 2,311 ($28.77) on Thursday. The business’s 50-day simple moving average is GBX 2,295.71 and its two-hundred day simple moving average is GBX 2,391.09. BHP Group has a 52 week low of GBX 2,157 ($26.85) and a 52 week high of GBX 2,707.50 ($33.70). The stock has a market cap of £116.94 billion, a PE ratio of 1,995.69, a P/E/G ratio of -0.78 and a beta of 0.86. The company has a quick ratio of 1.37, a current ratio of 1.57 and a debt-to-equity ratio of 52.52.

BHP Group Company Profile

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