BHP Group (LON:BHP) Earns Sell Rating from Berenberg Bank

BHP Group (LON:BHPGet Free Report)‘s stock had its “sell” rating reaffirmed by equities researchers at Berenberg Bank in a research note issued to investors on Tuesday, Marketbeat reports. They presently have a GBX 2,000 price objective on the stock. Berenberg Bank’s price objective would indicate a potential downside of 18.60% from the stock’s previous close.

Separately, JPMorgan Chase & Co. increased their target price on BHP Group from GBX 2,300 to GBX 2,400 and gave the company a “neutral” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of GBX 2,100.

View Our Latest Analysis on BHP

BHP Group Stock Performance

BHP Group stock opened at GBX 2,457 on Tuesday. BHP Group has a 1 year low of GBX 1,559.50 and a 1 year high of GBX 2,482. The company has a market cap of £124.77 billion, a PE ratio of 13.85, a PEG ratio of -0.78 and a beta of 0.84. The company has a current ratio of 1.70, a quick ratio of 1.37 and a debt-to-equity ratio of 45.03. The company’s 50-day moving average is GBX 2,226.89 and its two-hundred day moving average is GBX 2,091.25.

Key BHP Group News

Here are the key news stories impacting BHP Group this week:

About BHP Group

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We are a world-leading resources company, focused on the resources the world needs to grow and decarbonise. Copper for renewable energy. Potash for sustainable farming. Iron ore and metallurgical coal for the steel needed for global infrastructure and the energy transition.

A resources mix for today and for the future.

Our strategy is to deliver long-term value and returns through the cycle. We aim to do this through owning a portfolio of world class assets with exposure to highly attractive commodities that benefit from the mega-trends playing out in the world around us, by operating them exceptionally well, by maintaining a disciplined approach to capital allocation and through being industry leaders in sustainability and the creation of social value.

We are a global business with over 9,000 suppliers around the world, many of which are small to medium-sized businesses that are local to our assets.

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