BHP Group (LON:BHP) Rating Reiterated by Berenberg Bank

BHP Group (LON:BHP)‘s stock had its “hold” rating restated by stock analysts at Berenberg Bank in a research note issued to investors on Thursday, Digital Look reports. They currently have a GBX 2,100 ($26.14) price objective on the stock. Berenberg Bank’s price objective points to a potential downside of 9.13% from the stock’s previous close.

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

BHP Group Stock Down 0.6 %

BHP opened at GBX 2,311 ($28.77) on Thursday. The company has a quick ratio of 1.37, a current ratio of 1.57 and a debt-to-equity ratio of 52.52. The business’s fifty day simple moving average is GBX 2,295.71 and its 200 day simple moving average is GBX 2,391.09. BHP Group has a 52 week low of GBX 2,157 ($26.85) and a 52 week high of GBX 2,707.50 ($33.70). The stock has a market cap of £116.94 billion, a PE ratio of 1,995.69, a P/E/G ratio of -0.78 and a beta of 0.86.

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.