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

BHP Group (LON:BHP)‘s stock had its “hold” rating reaffirmed by analysts at Berenberg Bank in a report released on Wednesday, Digital Look reports. They currently have a GBX 3,500 price target on the stock. Berenberg Bank’s price target indicates a potential upside of 15.28% from the stock’s previous close.

Several other analysts have also recently commented on the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 2,700 target price on shares of BHP Group in a report on Wednesday, August 19th. JPMorgan Chase & Co. cut their price target 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 reiterated a “hold” rating and set a GBX 3,350 price target on shares of BHP Group in a research report on Tuesday, August 18th. Citigroup upped their price target on shares of 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 set a GBX 2,900 price objective on shares of BHP Group in a report on Monday, August 17th. Six equities research analysts have rated the stock with a Hold rating. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of GBX 3,166.67.

BHP Group Price Performance

BHP stock traded down GBX 14 during midday trading on Wednesday, reaching GBX 3,036. 954,958 shares of the company’s stock traded hands, compared to its average volume of 3,330,984. The company has a 50-day simple moving average of GBX 3,283.12 and a two-hundred day simple moving average of GBX 3,173.04. The company has a quick ratio of 1.37, a current ratio of 1.88 and a debt-to-equity ratio of 53.26. BHP Group has a 1-year low of GBX 1,971 and a 1-year high of GBX 3,589. The company has a market cap of £154.32 billion, a price-to-earnings ratio of 15.71, a PEG ratio of -0.78 and a beta of 0.84.

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.