Berenberg Bank Reiterates Hold Rating for BHP Group (LON:BHP)

BHP Group (LON:BHP)‘s stock had its “hold” rating reaffirmed by equities researchers at Berenberg Bank in a report issued on Friday, MarketBeat Ratings reports. They presently have a GBX 2,100 ($25.94) price target on the stock. Berenberg Bank’s target price would suggest a potential downside of 6.67% from the company’s previous close.

Other research analysts have also issued research reports about the company. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 2,700 ($33.35) target price on shares of BHP Group in a research report on Thursday, April 18th. JPMorgan Chase & Co. restated a “neutral” rating on shares of BHP Group in a research note on Tuesday, April 9th. Citigroup reiterated an “equal weight” rating and set a GBX 2,610 ($32.24) price target on shares of BHP Group in a research report on Tuesday, February 20th. Barclays reduced their price objective on BHP Group from GBX 2,610 ($32.24) to GBX 2,520 ($31.13) and set an “equal weight” rating for the company in a research report on Thursday, February 29th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating on shares of BHP Group in a research report on Wednesday, February 21st. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of GBX 2,367.50 ($29.24).

BHP Group Trading Down 2.6 %

LON:BHP opened at GBX 2,250 ($27.79) on Friday. BHP Group has a one year low of GBX 2,157 ($26.64) and a one year high of GBX 2,707.50 ($33.44). The business’s 50-day simple moving average is GBX 2,289.87 and its 200 day simple moving average is GBX 2,393.12. 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 market cap of £113.85 billion, a price-to-earnings ratio of 1,939.66, a price-to-earnings-growth ratio of -0.78 and a beta of 0.86.

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.