Jefferies Financial Group Reaffirms “Buy” Rating for BHP Group (LON:BHP)

Jefferies Financial Group reiterated their buy rating on shares of BHP Group (LON:BHP) in a research note published on Thursday morning, Marketbeat Ratings reports. The brokerage currently has a GBX 2,700 ($33.61) price target on the stock.

Several other equities analysts also recently commented on the stock. 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. JPMorgan Chase & Co. restated a neutral rating on shares of BHP Group in a research note on Tuesday, April 9th. Citigroup restated an equal weight rating and issued a GBX 2,610 ($32.49) price target on shares of BHP Group in a research note on Tuesday, February 20th. Berenberg Bank decreased their price target on shares of BHP Group from GBX 2,200 ($27.39) to GBX 2,100 ($26.14) and set a hold rating on the stock in a research note on Tuesday, March 26th. Finally, Royal Bank of Canada restated a sector perform rating on shares of BHP Group in a research note on Wednesday, February 21st. Six analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus target price of GBX 2,367.50 ($29.47).

BHP Group Price Performance

Shares of BHP opened at GBX 2,340 ($29.13) on Thursday. The company has a debt-to-equity ratio of 52.52, a current ratio of 1.57 and a quick ratio of 1.37. The company’s 50-day moving average is GBX 2,295.01 and its 200-day moving average is GBX 2,392.08. BHP Group has a fifty-two week low of GBX 2,157 ($26.85) and a fifty-two week high of GBX 2,707.50 ($33.70). The firm has a market capitalization of £118.40 billion, a PE ratio of 2,017.24, a PEG ratio of -0.78 and a beta of 0.86.

BHP Group Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 7th were paid a dividend of $0.72 per share. The ex-dividend date was Thursday, March 7th. This represents a yield of 2.41%. BHP Group’s payout ratio is 10,344.83%.

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.