BHP Group (LON:BHP) Given “Hold” Rating at Jefferies Financial Group

BHP Group (LON:BHP)‘s stock had its “hold” rating reiterated by Jefferies Financial Group in a research note issued to investors on Monday,Digital Look reports. They presently have a GBX 3,350 price objective on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 7.37% from the company’s current price.

A number of other analysts have also weighed in on BHP. JPMorgan Chase & Co. raised shares of BHP Group to a “neutral” rating and boosted their target price for the stock from GBX 2,600 to GBX 3,400 in a research note on Tuesday, May 26th. Berenberg Bank reiterated a “hold” rating and set a GBX 2,500 price target on shares of BHP Group in a report on Thursday, April 23rd. Finally, Citigroup increased their price target on BHP Group from £290 to £350 and gave the company a “neutral” rating in a research note on Monday, June 8th. Five equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of GBX 9,230.

BHP Group Price Performance

BHP stock opened at GBX 3,120 on Monday. The company has a 50 day simple moving average of GBX 3,162.53 and a 200 day simple moving average of GBX 2,802.78. The stock has a market cap of £158.52 billion, a price-to-earnings ratio of 15.50, a P/E/G ratio of -0.78 and a beta of 0.83. BHP Group has a 1 year low of GBX 1,769.23 and a 1 year high of GBX 3,495. The company has a debt-to-equity ratio of 62.55, a current ratio of 1.65 and a quick ratio of 1.37.

BHP Group Company Profile

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.