BHP Group (LON:BHP) Earns Hold Rating from Jefferies Financial Group

BHP Group (LON:BHP)‘s stock had its “hold” rating restated by Jefferies Financial Group in a research note issued on Tuesday,Digital Look reports. They presently have a GBX 3,350 target price on the stock. Jefferies Financial Group’s price target points to a potential upside of 2.86% from the stock’s current price.

BHP has been the subject of several other research reports. Berenberg Bank restated a “hold” rating and issued a GBX 2,500 target price on shares of BHP Group in a research note on Thursday, April 23rd. Citigroup increased their price target on shares of BHP Group from £290 to £350 and gave the stock a “neutral” rating in a report on Monday, June 8th. 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. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of BHP Group in a report on Friday, July 17th. Five research analysts have rated the stock with a Hold rating, According to MarketBeat.com, BHP Group has an average rating of “Hold” and a consensus target price of GBX 9,350.

BHP Group Stock Performance

Shares of BHP opened at GBX 3,257 on Tuesday. The company has a debt-to-equity ratio of 62.55, a quick ratio of 1.37 and a current ratio of 1.65. The stock has a market capitalization of £165.48 billion, a P/E ratio of 16.18, a P/E/G ratio of -0.78 and a beta of 0.84. The company’s fifty day moving average is GBX 3,168.30 and its two-hundred day moving average is GBX 2,980.64. BHP Group has a 1 year low of GBX 1,918 and a 1 year high of GBX 3,495.

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.