BHP Group (LON:BHP) Given Hold Rating at Berenberg Bank

BHP Group (LON:BHP)‘s stock had its “hold” rating restated by stock analysts at Berenberg Bank in a research report issued on Wednesday, Digital Look reports. They presently have a GBX 3,500 price target on the stock. Berenberg Bank’s target price would indicate a potential upside of 15.28% from the company’s previous close.

BHP has been the subject of a number of other research reports. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 3,350 price target on shares of BHP Group in a research report on Tuesday, August 18th. Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 2,900 price target on shares of BHP Group in a research note on Monday, August 17th. Citigroup upped their price objective on BHP Group from GBX 3,250 to GBX 3,350 and gave the company a “neutral” rating in a report on Thursday, September 10th. JPMorgan Chase & Co. decreased their price objective on shares of BHP Group from GBX 3,400 to GBX 3,000 and set a “neutral” rating on the stock in a research note on Friday, July 10th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 2,700 price target on shares of BHP Group in a report on Wednesday, August 19th. Six research analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, BHP Group has an average rating of “Hold” and a consensus price target of GBX 3,166.67.

BHP Group Trading Down 0.5%

Shares of LON BHP traded down GBX 14 during midday trading on Wednesday, reaching GBX 3,036. 954,958 shares of the stock were exchanged, compared to its average volume of 3,330,984. The company has a debt-to-equity ratio of 53.26, a current ratio of 1.88 and a quick ratio of 1.37. The business has a 50-day simple moving average of GBX 3,289.48 and a two-hundred day simple moving average of 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 market capitalization of £154.32 billion, a price-to-earnings ratio of 15.71, a P/E/G ratio of -0.78 and a beta of 0.84.

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.