Jefferies Financial Group Cuts BHP Group (NYSE:BHP) Price Target to $53.00

BHP Group (NYSE:BHP) had its price target cut by Jefferies Financial Group from $57.00 to $53.00 in a report issued on Monday,Benzinga reports. They currently have a hold rating on the mining company’s stock.

Several other equities research analysts have also weighed in on the company. Sanford C. Bernstein upgraded BHP Group from a “market perform” rating to an “outperform” rating in a research report on Monday, September 16th. StockNews.com upgraded shares of BHP Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 26th. Finally, Argus upgraded shares of BHP Group to a “strong-buy” rating in a research note on Thursday, September 19th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $53.00.

BHP Group Stock Performance

Shares of BHP opened at $48.74 on Monday. BHP Group has a one year low of $48.06 and a one year high of $64.85. The company has a 50-day simple moving average of $51.81 and a two-hundred day simple moving average of $54.59. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.70 and a quick ratio of 1.29. The firm has a market capitalization of $123.59 billion, a PE ratio of 10.55 and a beta of 0.95.

Institutional Investors Weigh In On BHP Group

A number of institutional investors have recently modified their holdings of BHP. Range Financial Group LLC purchased a new stake in BHP Group during the 4th quarter valued at about $1,301,000. Versant Capital Management Inc purchased a new stake in shares of BHP Group during the fourth quarter valued at approximately $40,000. JPMorgan Chase & Co. increased its position in shares of BHP Group by 10.1% during the third quarter. JPMorgan Chase & Co. now owns 600,086 shares of the mining company’s stock valued at $37,271,000 after acquiring an additional 55,095 shares in the last quarter. Franklin Resources Inc. raised its holdings in BHP Group by 17.4% in the 3rd quarter. Franklin Resources Inc. now owns 316,454 shares of the mining company’s stock worth $18,807,000 after acquiring an additional 46,791 shares during the last quarter. Finally, Peapack Gladstone Financial Corp lifted its position in BHP Group by 13.0% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 59,502 shares of the mining company’s stock valued at $3,695,000 after acquiring an additional 6,863 shares in the last quarter. 3.79% of the stock is owned by hedge funds and other institutional investors.

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, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.