CLSA Downgrades BHP Group (BHP) to Underperform
BHP Group (NYSE:BHP) was downgraded by equities researchers at CLSA from an “outperform” rating to an “underperform” rating in a note issued to investors on Thursday, MarketBeat Ratings reports.
A number of other equities research analysts have also weighed in on the stock. JPMorgan Chase & Co. lowered shares of BHP Group from a “neutral” rating to an “underweight” rating in a report on Monday, February 4th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of BHP Group from a “sell” rating to a “hold” rating in a report on Wednesday, January 30th. Jefferies Financial Group upgraded shares of BHP Group from a “hold” rating to a “buy” rating in a report on Monday, January 28th. Goldman Sachs Group lowered shares of BHP Group from a “conviction-buy” rating to a “buy” rating in a report on Monday, January 14th. Finally, Deutsche Bank lowered shares of BHP Group from a “hold” rating to a “sell” rating in a report on Tuesday, January 8th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $48.25.
Shares of BHP Group stock opened at $50.70 on Thursday. BHP Group has a 1 year low of $43.10 and a 1 year high of $52.62. The company has a market cap of $81.92 billion, a price-to-earnings ratio of 15.09, a P/E/G ratio of 2.66 and a beta of 0.82. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.51 and a quick ratio of 2.24.
About BHP Group
BHP Group Limited discovers, acquires, develops, and markets natural resources worldwide. It operates through four segments: Petroleum, Copper, Iron Ore, and Coal. The company engages in the exploration, development, and production of oil and gas properties; and mining of copper, silver, lead, zinc, molybdenum, uranium, gold, and iron ores, as well as metallurgical and energy coal.
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