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

BHP Group (LON:BHP)‘s stock had its “hold” rating reaffirmed by equities researchers at Berenberg Bank in a research report issued on Thursday, Marketbeat Ratings reports. They presently have a GBX 2,100 ($26.14) target price on the stock. Berenberg Bank’s price objective would suggest a potential downside of 10.26% from the company’s current price.

Several other research firms also recently weighed in on BHP. Barclays reduced their price target on shares of 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 restated a “buy” rating and set 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. Citigroup restated an “equal weight” rating and set a GBX 2,610 ($32.49) price target on shares of BHP Group in a research report on Tuesday, February 20th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of BHP Group in a research note on Tuesday, April 9th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of GBX 2,367.50 ($29.47).

BHP Group Stock Up 0.6 %

BHP opened at GBX 2,340 ($29.13) on Thursday. BHP Group has a twelve month low of GBX 2,157 ($26.85) and a twelve month high of GBX 2,707.50 ($33.70). The company has a quick ratio of 1.37, a current ratio of 1.57 and a debt-to-equity ratio of 52.52. The company has a 50-day moving average price of GBX 2,295.01 and a 200 day moving average price of GBX 2,391.30. The company has a market cap of £118.40 billion, a PE ratio of 2,017.24, 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.