Berenberg Bank Reaffirms “Hold” Rating for BHP Group (LON:BHP)

Berenberg Bank reaffirmed their hold rating on shares of BHP Group (LON:BHP) in a report released on Friday morning, MarketBeat Ratings reports. Berenberg Bank currently has a GBX 2,100 ($25.94) target price on the stock.

Other research analysts also recently issued research reports about the company. Citigroup reaffirmed an equal weight rating and issued a GBX 2,610 ($32.24) price objective on shares of BHP Group in a research note on Tuesday, February 20th. JPMorgan Chase & Co. reiterated a neutral rating on shares of BHP Group in a research report on Tuesday, April 9th. Barclays cut their target price on BHP Group from GBX 2,610 ($32.24) to GBX 2,520 ($31.13) and set an equal weight rating for the company in a research report on Thursday, February 29th. Royal Bank of Canada reiterated a sector perform rating on shares of BHP Group in a research report on Wednesday, February 21st. Finally, Jefferies Financial Group reiterated a buy rating and set a GBX 2,700 ($33.35) target price on shares of BHP Group in a research report on Thursday, April 18th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and an average target price of GBX 2,367.50 ($29.24).

BHP Group Stock Down 2.6 %

LON BHP opened at GBX 2,250 ($27.79) on Friday. The stock’s 50-day moving average price is GBX 2,289.87 and its 200-day moving average price is GBX 2,392.68. The company has a quick ratio of 1.37, a current ratio of 1.57 and a debt-to-equity ratio of 52.52. BHP Group has a 52 week low of GBX 2,157 ($26.64) and a 52 week high of GBX 2,707.50 ($33.44). The company has a market capitalization of £113.85 billion, a P/E ratio of 1,939.66, a price-to-earnings-growth ratio of -0.78 and a beta of 0.86.

BHP Group Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 7th were issued a dividend of $0.72 per share. This represents a yield of 2.41%. The ex-dividend date of this dividend was Thursday, March 7th. BHP Group’s dividend payout ratio is presently 10,344.83%.

BHP Group Company Profile

BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally. The company operates through Copper, Iron Ore, and Coal segments. It engages in the mining of copper, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.