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

BHP Group (LON:BHP)‘s stock had its “hold” rating reaffirmed by Berenberg Bank in a research report issued 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 19.58% from the stock’s current price.

Other equities research analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 2,700 target price on shares of BHP Group in a research report on Wednesday, August 19th. Citigroup increased their price target 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. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 2,900 price objective on shares of BHP Group in a report on Monday, August 17th. 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, Jefferies Financial Group reiterated a “hold” rating and set a GBX 3,350 price target on shares of BHP Group in a research note on Tuesday, August 18th. Six equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat, BHP Group presently has a consensus rating of “Hold” and a consensus target price of GBX 3,166.67.

BHP Group Price Performance

Shares of BHP opened at GBX 2,927 on Wednesday. The firm has a 50-day simple moving average of GBX 3,270.28 and a two-hundred day simple moving average of GBX 3,172.35. 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 stock has a market cap of £148.78 billion, a PE ratio of 15.15, a P/E/G ratio of -0.78 and a beta of 0.84.

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.