Berenberg Bank Cuts BHP Group (LON:BHP) Price Target to GBX 2,100

BHP Group (LON:BHP) had its price objective decreased by Berenberg Bank from GBX 2,200 ($27.80) to GBX 2,100 ($26.54) in a research report released on Tuesday, Digital Look reports. Berenberg Bank currently has a hold rating on the stock.

A number of other analysts have also weighed in on the stock. JPMorgan Chase & Co. reduced their price objective on shares of BHP Group from GBX 2,730 ($34.50) to GBX 2,660 ($33.62) and set a neutral rating for the company in a research note on Friday, February 16th. Citigroup reiterated an equal weight rating and issued a GBX 2,610 ($32.98) price target on shares of BHP Group in a research note on Tuesday, February 20th. Royal Bank of Canada reiterated a sector perform rating on shares of BHP Group in a research note on Wednesday, February 21st. Finally, Barclays reduced their price target on shares of BHP Group from GBX 2,610 ($32.98) to GBX 2,520 ($31.85) and set an equal weight rating for the company in a research note on Thursday, February 29th. Six analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has an average rating of Hold and a consensus target price of GBX 2,320 ($29.32).

BHP Group Stock Up 1.1 %

LON:BHP traded up GBX 23.50 ($0.30) on Tuesday, reaching GBX 2,257 ($28.52). 1,025,529 shares of the stock traded hands, compared to its average volume of 1,031,239. The company has a market capitalization of £114.20 billion, a price-to-earnings ratio of 1,962.61, a PEG ratio of -0.78 and a beta of 0.85. The company has a current ratio of 1.57, a quick ratio of 1.37 and a debt-to-equity ratio of 52.52. BHP Group has a 12 month low of GBX 2,157 ($27.26) and a 12 month high of GBX 2,707.50 ($34.22). The company’s fifty day simple moving average is GBX 2,324.54 and its 200 day simple moving average is GBX 2,390.88.

BHP Group Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, March 7th will be issued a $0.72 dividend. This represents a dividend yield of 2.41%. The ex-dividend date is Thursday, March 7th. BHP Group’s payout ratio is 10,434.78%.

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.