Berenberg Bank Reaffirms “Sell” Rating for BHP Group (LON:BHP)

BHP Group (LON:BHP)‘s stock had its “sell” rating reaffirmed by investment analysts at Berenberg Bank in a report released on Tuesday,Digital Look reports. They currently have a GBX 2,000 price target on the stock. Berenberg Bank’s price objective would indicate a potential downside of 18.60% from the company’s current price.

Separately, JPMorgan Chase & Co. raised their price objective on BHP Group from GBX 2,300 to GBX 2,400 and gave the stock a “neutral” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, BHP Group has a consensus rating of “Reduce” and an average price target of GBX 2,100.

BHP Group Price Performance

LON BHP traded up GBX 87 during midday trading on Tuesday, hitting GBX 2,457. The company had a trading volume of 92,927,727 shares, compared to its average volume of 7,907,321. BHP Group has a twelve month low of GBX 1,559.50 and a twelve month high of GBX 2,482. The firm has a 50-day moving average price of GBX 2,220.57 and a 200-day moving average price of GBX 2,088.67. The company has a current ratio of 1.70, a quick ratio of 1.37 and a debt-to-equity ratio of 45.03. The company has a market capitalization of £124.77 billion, a PE ratio of 13.85, a P/E/G ratio of -0.78 and a beta of 0.84.

About BHP Group

We are a world-leading resources company, focused on the resources the world needs to grow and decarbonise. Copper for renewable energy. Potash for sustainable farming. Iron ore and metallurgical coal for the steel needed for global infrastructure and the energy transition.

A resources mix for today and for the future.

Our strategy is to deliver long-term value and returns through the cycle. We aim to do this through owning a portfolio of world class assets with exposure to highly attractive commodities that benefit from the mega-trends playing out in the world around us, by operating them exceptionally well, by maintaining a disciplined approach to capital allocation and through being industry leaders in sustainability and the creation of social value.

We are a global business with over 9,000 suppliers around the world, many of which are small to medium-sized businesses that are local to our assets.