BHP Group (LON:BHP) Stock Rating Reaffirmed as “Hold” by Berenberg Bank

BHP Group (LON:BHP)‘s stock had its “hold” rating restated by Berenberg Bank in a research note issued to investors on Wednesday, Digital Look reports. They currently have a GBX 3,500 price objective on the stock. Berenberg Bank’s price objective points to a potential upside of 15.28% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. Jefferies Financial Group restated a “hold” rating and issued a GBX 3,350 price target on shares of BHP Group in a research note on Tuesday, August 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 2,700 price objective on shares of BHP Group in a research report on Wednesday, August 19th. Citigroup increased their price objective on BHP Group from GBX 3,250 to GBX 3,350 and gave the company a “neutral” rating in a research report on Thursday, September 10th. JPMorgan Chase & Co. reduced their price objective on BHP Group from GBX 3,400 to GBX 3,000 and set a “neutral” rating for the company in a report on Friday, July 10th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 2,900 target price on shares of BHP Group in a research report on Monday, August 17th. Six equities research analysts have rated the stock with a Hold rating. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of GBX 3,166.67.

BHP Group Stock Down 0.5%

BHP traded down GBX 14 during trading on Wednesday, hitting GBX 3,036. 954,958 shares of the company’s stock traded hands, compared to its average volume of 3,330,984. The stock has a market capitalization of £154.32 billion, a price-to-earnings ratio of 15.71, a PEG ratio of -0.78 and a beta of 0.84. The company’s 50 day simple moving average is GBX 3,289.48 and its two-hundred day simple moving average is GBX 3,171.09. BHP Group has a 12-month low of GBX 1,971 and a 12-month high of GBX 3,589. The company has a current ratio of 1.88, a quick ratio of 1.37 and a debt-to-equity ratio of 53.26.

About BHP Group

We are a world-leading resources company, focused on the resources the world needs to grow and decarbonise. Copper for renewable energy. Potash for sustainable farming. Iron ore and metallurgical coal for the steel needed for global infrastructure and the energy transition.

A resources mix for today and for the future.

Our strategy is to deliver long-term value and returns through the cycle. We aim to do this through owning a portfolio of world class assets with exposure to highly attractive commodities that benefit from the mega-trends playing out in the world around us, by operating them exceptionally well, by maintaining a disciplined approach to capital allocation and through being industry leaders in sustainability and the creation of social value.

We are a global business with over 9,000 suppliers around the world, many of which are small to medium-sized businesses that are local to our assets.