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

BHP Group (LON:BHP)‘s stock had its “hold” rating reaffirmed by equities researchers at Berenberg Bank in a research note issued to investors on Wednesday, Digital Look reports. They presently have a GBX 3,500 price objective on the stock. Berenberg Bank‘s target price would indicate a potential upside of 19.58% from the company’s previous close.

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

BHP Group Stock Performance

BHP stock traded up GBX 19 during mid-day trading on Wednesday, hitting GBX 2,927. The company had a trading volume of 175,797,938 shares, compared to its average volume of 4,162,345. The firm has a market cap of £148.78 billion, a PE ratio of 15.15, a price-to-earnings-growth ratio of -0.78 and a beta of 0.84. The company has a debt-to-equity ratio of 53.26, a quick ratio of 1.37 and a current ratio of 1.88. BHP Group has a 12 month low of GBX 1,971 and a 12 month high of GBX 3,589. The stock’s fifty day moving average price is GBX 3,270.28 and its two-hundred day moving average price is GBX 3,172.35.

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.