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

Berenberg Bank reaffirmed their hold rating on shares of BHP Group (LON:BHP) in a research report released on Friday, MarketBeat Ratings reports. Berenberg Bank currently has a GBX 2,100 ($25.94) price objective on the stock.

BHP has been the subject of a number of other reports. Royal Bank of Canada reaffirmed a sector perform rating on shares of BHP Group in a report on Wednesday, February 21st. Barclays lowered their price target on BHP Group from GBX 2,610 ($32.24) to GBX 2,520 ($31.13) and set an equal weight rating on the stock in a research report on Thursday, February 29th. Citigroup reissued an equal weight rating and issued a GBX 2,610 ($32.24) price target on shares of BHP Group in a research note on Tuesday, February 20th. Jefferies Financial Group reissued a buy rating and set a GBX 2,700 ($33.35) price target on shares of BHP Group in a research report on Thursday, April 18th. Finally, JPMorgan Chase & Co. restated a neutral rating on shares of BHP Group in a report on Tuesday, April 9th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Hold and an average price target of GBX 2,367.50 ($29.24).

BHP Group Stock Down 2.6 %

BHP stock opened at GBX 2,250 ($27.79) on Friday. BHP Group has a fifty-two week low of GBX 2,157 ($26.64) and a fifty-two week high of GBX 2,707.50 ($33.44). The stock has a fifty day moving average of GBX 2,289.87 and a 200-day moving average of GBX 2,393.61. The company has a market capitalization of £113.85 billion, a price-to-earnings ratio of 1,939.66, a PEG ratio of -0.78 and a beta of 0.86. The company has a debt-to-equity ratio of 52.52, a quick ratio of 1.37 and a current ratio of 1.57.

BHP Group Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 7th were paid a $0.72 dividend. This represents a dividend yield of 2.41%. The ex-dividend date of this dividend was Thursday, March 7th. BHP Group’s dividend payout ratio is currently 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.