BHP Group (LON:BHP) Given Hold Rating at Berenberg Bank

BHP Group (LON:BHP)‘s stock had its “hold” rating restated by equities researchers at Berenberg Bank in a note issued to investors on Wednesday, Digital Look reports. They currently have a GBX 3,500 target price on the stock. Berenberg Bank‘s price objective would indicate a potential upside of 12.90% from the company’s previous close.

A number of other research firms have also recently issued reports on BHP. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 2,700 price objective on shares of BHP Group in a research report on Wednesday, August 19th. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 3,350 price target on shares of BHP Group in a report on Tuesday, August 18th. Citigroup upped their target price on shares of BHP Group from GBX 3,250 to GBX 3,350 and gave the company a “neutral” rating in a research note on Thursday, September 10th. JPMorgan Chase & Co. dropped their target price 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 restated a “sector perform” rating and set a GBX 2,900 target price on shares of BHP Group in a report on Monday, August 17th. Six equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of GBX 3,166.67.

BHP Group Price Performance

BHP traded up GBX 144 on Wednesday, reaching GBX 3,100. The company had a trading volume of 4,298,002 shares, compared to its average volume of 4,147,819. The company has a fifty day moving average of GBX 3,267.20 and a 200-day moving average of GBX 3,007.56. The company has a market capitalization of £157.57 billion, a P/E ratio of 16.05, a PEG ratio of -0.78 and a beta of 0.84. BHP Group has a one year low of GBX 1,971 and a one year high of GBX 3,589. The company has a current ratio of 1.88, a quick ratio of 1.37 and a debt-to-equity ratio of 53.26.

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.