BHP Group Limited (LON:BHP) Given Average Recommendation of “Hold” by Brokerages

Shares of BHP Group Limited (LON:BHP) have been assigned a consensus recommendation of “Hold” from the five research firms that are presently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is £109.62.

Several equities analysts have recently issued reports on the stock. Berenberg Bank restated a “hold” rating and set a GBX 2,500 price objective on shares of BHP Group in a report on Thursday, April 23rd. Jefferies Financial Group reiterated a “hold” rating and set a GBX 3,350 price objective on shares of BHP Group in a research note on Monday, July 6th. Citigroup boosted their target price on shares of BHP Group from £290 to £350 and gave the company a “neutral” rating in a research note on Monday, June 8th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of BHP Group in a report on Friday, July 17th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of BHP Group from GBX 3,400 to GBX 3,000 and set a “neutral” rating for the company in a research report on Friday, July 10th.

BHP Group Stock Performance

Shares of BHP stock opened at GBX 3,123 on Friday. The business’s fifty day simple moving average is GBX 3,164.56 and its 200-day simple moving average is GBX 2,883.16. BHP Group has a 12-month low of GBX 1,873.50 and a 12-month high of GBX 3,495. The company has a market cap of £158.67 billion, a PE ratio of 15.51, a PEG ratio of -0.78 and a beta of 0.83. The company has a current ratio of 1.65, a quick ratio of 1.37 and a debt-to-equity ratio of 62.55.

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.