BHP Group’s (BHP) Hold Rating Reiterated at Berenberg Bank

BHP Group (LON:BHP)‘s stock had its “hold” rating restated by analysts at Berenberg Bank in a report issued on Wednesday, Digital Look reports. They currently have a GBX 3,500 price objective on the stock. Berenberg Bank‘s price objective would suggest a potential upside of 19.58% from the stock’s current price.

Several other research analysts have also recently weighed in on the stock. Jefferies Financial Group reissued a “hold” rating and set a GBX 3,350 price objective on shares of BHP Group in a research report on Tuesday, August 18th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 2,700 price target on shares of BHP Group in a research note on Wednesday, August 19th. Citigroup boosted their price target on BHP Group from GBX 3,250 to GBX 3,350 and gave the company a “neutral” rating in a report on Thursday, September 10th. 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 note on Friday, July 10th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 2,900 price objective on shares of BHP Group in a report on Monday, August 17th. Six research analysts have rated the stock with a Hold rating. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of GBX 3,166.67.

BHP Group Trading Up 0.7%

Shares of BHP stock traded up GBX 19 during trading hours on Wednesday, reaching GBX 2,927. The company had a trading volume of 175,797,938 shares, compared to its average volume of 4,162,345. The company has a debt-to-equity ratio of 53.26, a current ratio of 1.88 and a quick ratio of 1.37. BHP Group has a 1-year low of GBX 1,971 and a 1-year high of GBX 3,589. The firm has a market cap of £148.78 billion, a price-to-earnings ratio of 15.15, a P/E/G ratio of -0.78 and a beta of 0.84. The company has a 50 day moving average of GBX 3,270.28 and a 200 day moving average of 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.