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

BHP Group (LON:BHP)‘s stock had its “hold” rating reiterated by Berenberg Bank in a report released on Thursday,Digital Look reports. They currently have a GBX 2,500 target price on the stock. Berenberg Bank’s price objective suggests a potential downside of 16.11% from the stock’s previous close.

Several other analysts have also recently weighed in on BHP. JPMorgan Chase & Co. lifted their price objective on shares of BHP Group from GBX 2,500 to GBX 2,600 and gave the stock a “neutral” rating in a research note on Thursday. Citigroup increased their target price on BHP Group from GBX 2,800 to GBX 2,850 and gave the stock a “neutral” rating in a report on Monday, April 13th. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of GBX 2,462.50.

BHP Group Stock Performance

Shares of BHP traded up GBX 18.50 during midday trading on Thursday, reaching GBX 2,980. 786,078 shares of the stock were exchanged, compared to its average volume of 3,940,757. The company has a quick ratio of 1.37, a current ratio of 1.65 and a debt-to-equity ratio of 62.55. The stock’s 50 day simple moving average is GBX 2,773.55 and its 200 day simple moving average is GBX 2,432.90. BHP Group has a twelve month low of GBX 1,686.50 and a twelve month high of GBX 3,079. The company has a market cap of £151.33 billion, a P/E ratio of 14.80, a PEG ratio of -0.78 and a beta of 0.80.

BHP Group Company Profile

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.