BHP Group’s (BHP) “Buy” Rating Reaffirmed at Jefferies Financial Group

BHP Group (LON:BHP)‘s stock had its “buy” rating restated by stock analysts at Jefferies Financial Group in a research report issued on Thursday, MarketBeat reports. They presently have a GBX 2,700 ($33.61) price target on the stock. Jefferies Financial Group’s price target points to a potential upside of 15.38% from the stock’s current price.

Several other research firms have also recently weighed in on BHP. Citigroup restated an “equal weight” rating and set a GBX 2,610 ($32.49) price target on shares of BHP Group in a report on Tuesday, February 20th. Berenberg Bank reduced their target price on BHP Group from GBX 2,200 ($27.39) to GBX 2,100 ($26.14) and set a “hold” rating for the company in a report on Tuesday, March 26th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of BHP Group in a report on Tuesday, April 9th. Barclays cut their price objective on BHP Group from GBX 2,610 ($32.49) to GBX 2,520 ($31.37) and set an “equal weight” rating on the stock in a research report on Thursday, February 29th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating on shares of BHP Group in a research report on Wednesday, February 21st. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, BHP Group presently has an average rating of “Hold” and an average target price of GBX 2,367.50 ($29.47).

BHP Group Price Performance

Shares of LON:BHP opened at GBX 2,340 ($29.13) on Thursday. BHP Group has a 1-year low of GBX 2,157 ($26.85) and a 1-year high of GBX 2,707.50 ($33.70). The company has a current ratio of 1.57, a quick ratio of 1.37 and a debt-to-equity ratio of 52.52. The stock has a market cap of £118.40 billion, a PE ratio of 2,017.24, a price-to-earnings-growth ratio of -0.78 and a beta of 0.86. The stock’s fifty day simple moving average is GBX 2,295.01 and its two-hundred day simple moving average is GBX 2,391.30.

About BHP Group

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.