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

Berenberg Bank reiterated their hold rating on shares of BHP Group (LON:BHP) in a research note published on Friday, MarketBeat.com reports. They currently have a GBX 2,100 ($25.94) price target on the stock.

BHP has been the topic of several other reports. JPMorgan Chase & Co. restated a neutral rating on shares of BHP Group in a report on Tuesday, April 9th. Barclays reduced their price objective on BHP Group from GBX 2,610 ($32.24) to GBX 2,520 ($31.13) and set an equal weight rating for the company in a research report on Thursday, February 29th. Citigroup reiterated an equal weight rating and set a GBX 2,610 ($32.24) target price on shares of BHP Group in a research report on Tuesday, February 20th. Jefferies Financial Group reissued a buy rating and set a GBX 2,700 ($33.35) price target on shares of BHP Group in a report on Thursday, April 18th. Finally, Royal Bank of Canada reaffirmed a sector perform rating on shares of BHP Group in a report on Wednesday, February 21st. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, BHP Group currently has an average rating of Hold and an average target price of GBX 2,367.50 ($29.24).

BHP Group Trading Down 2.6 %

Shares of BHP stock opened at GBX 2,250 ($27.79) on Friday. BHP Group has a 52-week low of GBX 2,157 ($26.64) and a 52-week high of GBX 2,707.50 ($33.44). The business’s fifty day moving average is GBX 2,289.87 and its 200 day moving average is GBX 2,393.61. The company has a debt-to-equity ratio of 52.52, a quick ratio of 1.37 and a current ratio of 1.57. The company has a market capitalization of £113.85 billion, a PE ratio of 1,939.66, a price-to-earnings-growth ratio of -0.78 and a beta of 0.86.

BHP Group Cuts Dividend

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

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.