Berenberg Bank Reiterates Hold Rating for BHP Group (LON:BHP)

BHP Group (LON:BHP)‘s stock had its “hold” rating reaffirmed by analysts at Berenberg Bank in a research note issued on Thursday, MarketBeat Ratings reports. They currently have a GBX 2,100 ($26.14) price target on the stock. Berenberg Bank’s target price would suggest a potential downside of 10.26% from the stock’s current price.

Several other research firms also recently commented on BHP. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of BHP Group in a research report on Tuesday, April 9th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 2,700 ($33.61) price objective on shares of BHP Group in a research note on Thursday. Barclays decreased their price target on shares of 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 note on Thursday, February 29th. Royal Bank of Canada reaffirmed a “sector perform” rating on shares of BHP Group in a research note on Wednesday, February 21st. Finally, Citigroup reaffirmed an “equal weight” rating and set a GBX 2,610 ($32.49) price target on shares of BHP Group in a research report on Tuesday, February 20th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of GBX 2,367.50 ($29.47).

BHP Group Trading Up 0.6 %

Shares of BHP Group stock opened at GBX 2,340 ($29.13) on Thursday. The company has a fifty day simple moving average of GBX 2,295.01 and a 200-day simple moving average of GBX 2,391.30. BHP Group has a 12-month low of GBX 2,157 ($26.85) and a 12-month 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 price-to-earnings ratio of 2,017.24, a PEG ratio of -0.78 and a beta of 0.86.

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.