BHP Group (NYSE:BHP) Raised to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of BHP Group (NYSE:BHPGet Rating) from a buy rating to a strong-buy rating in a research note released on Tuesday.

Other equities analysts also recently issued research reports about the company. Barclays dropped their price target on BHP Group from GBX 2,700 ($33.08) to GBX 2,400 ($29.41) in a research report on Wednesday, May 25th. UBS Group dropped their price target on BHP Group from GBX 2,100 ($25.73) to GBX 2,050 ($25.12) in a research report on Wednesday, July 20th. Citigroup raised BHP Group from a neutral rating to a buy rating in a research report on Thursday, April 21st. BMO Capital Markets lowered their price objective on BHP Group from GBX 3,200 ($39.21) to GBX 3,000 ($36.76) in a research report on Wednesday, June 1st. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on BHP Group from GBX 2,250 ($27.57) to GBX 2,200 ($26.96) in a research report on Wednesday, June 29th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of Hold and an average price target of $1,770.35.

BHP Group Stock Performance

BHP Group stock opened at $54.40 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.92 and a quick ratio of 1.71. The stock has a fifty day moving average of $57.07 and a two-hundred day moving average of $65.21. BHP Group has a fifty-two week low of $47.35 and a fifty-two week high of $79.66.

Institutional Investors Weigh In On BHP Group

Institutional investors have recently added to or reduced their stakes in the company. Schubert & Co purchased a new stake in BHP Group during the second quarter valued at about $26,000. Covestor Ltd acquired a new position in shares of BHP Group during the first quarter worth about $26,000. Trustcore Financial Services LLC lifted its stake in shares of BHP Group by 262.1% during the second quarter. Trustcore Financial Services LLC now owns 507 shares of the mining company’s stock worth $28,000 after purchasing an additional 367 shares in the last quarter. Holloway Wealth Management LLC acquired a new position in shares of BHP Group during the first quarter worth about $29,000. Finally, Addison Advisors LLC lifted its stake in shares of BHP Group by 609.3% during the first quarter. Addison Advisors LLC now owns 383 shares of the mining company’s stock worth $30,000 after purchasing an additional 329 shares in the last quarter. Hedge funds and other institutional investors own 6.73% of the company’s stock.

About BHP Group

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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.

Further Reading

Analyst Recommendations for BHP Group (NYSE:BHP)

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