BHP Group’s (BHP) “Hold” Rating Reiterated at Berenberg Bank

BHP Group (LON:BHP)‘s stock had its “hold” rating reaffirmed by stock analysts at Berenberg Bank in a research report issued to clients and investors on Wednesday, Digital Look reports. They currently have a GBX 3,500 price target on the stock. Berenberg Bank’s price objective points to a potential upside of 15.32% from the stock’s previous close.

BHP has been the topic of a number of other research reports. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 2,900 price target on shares of BHP Group in a report on Monday, August 17th. JPMorgan Chase & Co. decreased 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. Jefferies Financial Group restated a “hold” rating and issued a GBX 3,350 target price on shares of BHP Group in a research report on Tuesday, August 18th. Citigroup lifted their target price on BHP Group from GBX 3,250 to GBX 3,350 and gave the company a “neutral” rating in a research note on Thursday, September 10th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 2,700 target price on shares of BHP Group in a research note on Wednesday, August 19th. Six research analysts have rated the stock with a Hold rating. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of GBX 3,133.33.

BHP Group Stock Down 0.5%

Shares of BHP Group stock opened at GBX 3,035 on Wednesday. The company has a current ratio of 1.88, a quick ratio of 1.37 and a debt-to-equity ratio of 53.26. The business’s 50 day simple moving average is GBX 3,289.48 and its 200-day simple moving average is GBX 3,171.09. The stock has a market capitalization of £154.27 billion, a price-to-earnings ratio of 15.71, a PEG ratio of -0.78 and a beta of 0.84. BHP Group has a twelve month low of GBX 1,971 and a twelve month high of GBX 3,589.

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.