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

BHP Group (LON:BHP)‘s stock had its “hold” rating reissued by stock analysts at Berenberg Bank in a research note issued on Friday, MarketBeat reports. They currently have a GBX 2,100 ($25.94) target price on the stock. Berenberg Bank’s price objective points to a potential downside of 6.67% from the company’s current price.

Several other equities research analysts also recently issued reports on BHP. Royal Bank of Canada restated a “sector perform” rating on shares of BHP Group in a research note on Wednesday, February 21st. Jefferies Financial Group restated a “buy” rating and issued a GBX 2,700 ($33.35) price target on shares of BHP Group in a research report on Thursday, April 18th. Citigroup reaffirmed an “equal weight” rating and set a GBX 2,610 ($32.24) price objective on shares of BHP Group in a research report on Tuesday, February 20th. Barclays decreased their target price on BHP Group from GBX 2,610 ($32.24) to GBX 2,520 ($31.13) and set an “equal weight” rating on the stock in a research report on Thursday, February 29th. Finally, JPMorgan Chase & Co. restated a “neutral” rating on shares of BHP Group in a research note on Tuesday, April 9th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of GBX 2,367.50 ($29.24).

BHP Group Price Performance

Shares of LON:BHP opened at GBX 2,250 ($27.79) on Friday. The company has a quick ratio of 1.37, a current ratio of 1.57 and a debt-to-equity ratio of 52.52. The business has a 50 day moving average price of GBX 2,289.87 and a 200 day moving average price of GBX 2,393.12. The company has a market cap of £113.85 billion, a price-to-earnings ratio of 1,939.66, a PEG ratio of -0.78 and a beta of 0.86. BHP Group has a twelve month low of GBX 2,157 ($26.64) and a twelve month high of GBX 2,707.50 ($33.44).

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.