BHP Group (LON:BHP) Earns “Hold” Rating from Berenberg Bank

BHP Group (LON:BHP)‘s stock had its “hold” rating reiterated by Berenberg Bank in a research report issued on Wednesday, Digital Look reports. They presently have a GBX 3,500 price objective on the stock. Berenberg Bank’s price objective indicates a potential upside of 15.86% from the stock’s previous close.

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

BHP Group Trading Down 1.0%

LON:BHP traded down GBX 29 during trading hours on Wednesday, hitting GBX 3,021. The stock had a trading volume of 2,076,271 shares, compared to its average volume of 3,336,507. BHP Group has a one year low of GBX 1,971 and a one year high of GBX 3,589. The company has a debt-to-equity ratio of 53.26, a quick ratio of 1.37 and a current ratio of 1.88. The company has a market cap of £153.56 billion, a price-to-earnings ratio of 15.64, a P/E/G ratio of -0.78 and a beta of 0.84. The business’s 50 day moving average is GBX 3,289.48 and its 200-day moving average is GBX 3,171.09.

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.