BHP Group (LON:BHP) Receives “Hold” Rating from Berenberg Bank

Berenberg Bank reiterated their hold rating on shares of BHP Group (LON:BHP) in a research note released on Thursday, Digital Look reports. They currently have a GBX 2,100 ($26.14) price target on the stock.

Several other brokerages have also recently weighed in on BHP. Barclays reduced their price target on BHP Group from GBX 2,610 ($32.49) to GBX 2,520 ($31.37) and set an equal weight rating for the company in a research report on Thursday, February 29th. Jefferies Financial Group reiterated a buy rating and issued a GBX 2,700 ($33.61) price target on shares of BHP Group in a research report on Thursday. Royal Bank of Canada restated a sector perform rating on shares of BHP Group in a research report on Wednesday, February 21st. JPMorgan Chase & Co. restated a neutral rating on shares of BHP Group in a research report on Tuesday, April 9th. Finally, Citigroup restated an equal weight rating and set a GBX 2,610 ($32.49) target price on shares of BHP Group in a research report on Tuesday, February 20th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of Hold and an average target price of GBX 2,367.50 ($29.47).

BHP Group Price Performance

Shares of LON BHP opened at GBX 2,317 ($28.84) on Thursday. The stock has a market cap of £117.24 billion, a PE ratio of 1,992.24, a price-to-earnings-growth ratio of -0.78 and a beta of 0.86. BHP Group has a fifty-two week low of GBX 2,157 ($26.85) and a fifty-two week high of GBX 2,707.50 ($33.70). The company has a debt-to-equity ratio of 52.52, a quick ratio of 1.37 and a current ratio of 1.57. The stock has a fifty day moving average of GBX 2,295.71 and a 200-day moving average of GBX 2,391.09.

BHP Group Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 7th were issued a dividend of $0.72 per share. The ex-dividend date was Thursday, March 7th. This represents a dividend yield of 2.41%. BHP Group’s dividend payout ratio (DPR) is 10,344.83%.

About BHP Group

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