BHP Group (LON:BHP) Earns Hold Rating from Berenberg Bank

BHP Group (LON:BHP)‘s stock had its “hold” rating restated by analysts at Berenberg Bank in a research report issued to clients and investors on Wednesday, Digital Look reports. They presently have a GBX 3,500 target price on the stock. Berenberg Bank’s price objective would suggest a potential upside of 15.28% from the company’s previous close.

Several other equities research analysts have also issued reports on BHP. Jefferies Financial Group restated a “hold” rating and set a GBX 3,350 price target on shares of BHP Group in a research note on Tuesday, August 18th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 2,700 price objective on shares of BHP Group in a research note on Wednesday, August 19th. JPMorgan Chase & Co. reduced their price objective on BHP Group from GBX 3,400 to GBX 3,000 and set a “neutral” rating for the company in a report on Friday, July 10th. Citigroup raised their target price on BHP Group from GBX 3,250 to GBX 3,350 and gave the stock a “neutral” rating in a research report on Thursday, September 10th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 2,900 target price on shares of BHP Group in a research report on Monday, August 17th. Six equities research analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of GBX 3,166.67.

BHP Group Stock Performance

BHP stock traded down GBX 14 during mid-day trading on Wednesday, hitting GBX 3,036. The company had a trading volume of 954,958 shares, compared to its average volume of 3,330,984. 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 cap of £154.32 billion, a PE ratio of 15.71, a price-to-earnings-growth ratio of -0.78 and a beta of 0.84. BHP Group has a 12 month low of GBX 1,971 and a 12 month high of GBX 3,589. The stock’s fifty day moving average price is GBX 3,283.12 and its two-hundred day moving average price is GBX 3,173.04.

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.