BHP Group (NYSE:BHP) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of BHP Group (NYSE:BHPGet Rating) from a strong-buy rating to a buy rating in a research note published on Wednesday morning.

Other equities analysts have also issued research reports about the company. Exane BNP Paribas lowered BHP Group from a neutral rating to an underperform rating and set a GBX 2,185 ($27.49) target price on the stock. in a research note on Wednesday, February 9th. Barclays lowered their target price on BHP Group from GBX 2,700 ($33.98) to GBX 2,400 ($30.20) in a research note on Wednesday. Liberum Capital lowered BHP Group from a hold rating to a sell rating in a research note on Wednesday, May 4th. Jefferies Financial Group increased their target price on BHP Group from $60.00 to $64.00 in a research note on Thursday, February 3rd. Finally, Berenberg Bank increased their target price on BHP Group from GBX 2,200 ($27.68) to GBX 2,300 ($28.94) in a research note on Wednesday, February 23rd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of Hold and an average target price of $1,313.91.

NYSE:BHP opened at $71.02 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.71 and a current ratio of 1.92. The stock’s 50 day moving average price is $71.06 and its two-hundred day moving average price is $65.81. BHP Group has a 12-month low of $51.88 and a 12-month high of $80.50.

Hedge funds have recently modified their holdings of the business. Covestor Ltd acquired a new stake in shares of BHP Group in the 1st quarter valued at $26,000. Exchange Traded Concepts LLC acquired a new stake in shares of BHP Group during the 4th quarter valued at $27,000. First PREMIER Bank acquired a new stake in shares of BHP Group during the 4th quarter valued at $29,000. Holloway Wealth Management LLC acquired a new stake in shares of BHP Group during the 1st quarter valued at $29,000. Finally, Addison Advisors LLC boosted its holdings in shares of BHP Group by 609.3% during the 1st quarter. Addison Advisors LLC now owns 383 shares of the mining company’s stock valued at $30,000 after acquiring an additional 329 shares in the last quarter. 6.73% of the stock is currently owned by hedge funds and other institutional investors.

About BHP Group (Get Rating)

BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, rest of Asia, North America, South America, and internationally. It operates through Petroleum, Copper, Iron Ore, and Coal segments. The company engages in the exploration, development, and production of oil and gas properties; and mining of copper, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.

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