BHP Group’s (BHP) Hold Rating Reiterated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reissued their hold rating on shares of BHP Group (LON:BHP) in a research note issued to investors on Wednesday,Digital Look reports. They currently have a GBX 2,700 price objective on the stock.

Several other research analysts have also weighed in on the company. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 3,350 price target on shares of BHP Group in a research report on Tuesday. Berenberg Bank reissued a “hold” rating and issued a GBX 3,400 price objective on shares of BHP Group in a report on Wednesday. Citigroup raised their target price on shares of BHP Group from £290 to £350 and gave the company a “neutral” rating in a research note on Monday, June 8th. Royal Bank Of Canada restated a “sector perform” rating and set a GBX 2,900 target price on shares of BHP Group in a report on Monday, August 17th. Finally, JPMorgan Chase & Co. dropped their price target on shares of BHP Group from GBX 3,400 to GBX 3,000 and set a “neutral” rating on the stock in a research report on Friday, July 10th. Six investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of GBX 8,391.67.

BHP Group Stock Performance

BHP opened at GBX 3,525 on Wednesday. The business’s 50-day simple moving average is GBX 3,185.04 and its 200 day simple moving average is GBX 3,001.41. BHP Group has a 52-week low of GBX 1,918 and a 52-week high of GBX 3,542. The company has a debt-to-equity ratio of 53.26, a quick ratio of 1.37 and a current ratio of 1.88. The firm has a market capitalization of £179.09 billion, a PE ratio of 17.51, a PEG 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.