BHP Group (LON:BHP – Free Report) had its price target lowered by Deutsche Bank Aktiengesellschaft from GBX 2,250 ($29.42) to GBX 2,100 ($27.46) in a research note issued to investors on Monday, MarketBeat reports. The brokerage currently has a hold rating on the stock.
BHP has been the subject of a number of other research reports. Citigroup reaffirmed a buy rating and issued a GBX 2,500 ($32.69) price target on shares of BHP Group in a report on Thursday, July 18th. Berenberg Bank reaffirmed a hold rating and issued a GBX 2,000 ($26.15) price target on shares of BHP Group in a report on Wednesday, August 28th. Royal Bank of Canada raised their price target on shares of BHP Group from GBX 4,400 ($57.54) to GBX 4,500 ($58.85) and gave the stock a sector perform rating in a report on Thursday, July 18th. Finally, JPMorgan Chase & Co. decreased their price target on shares of BHP Group from GBX 2,720 ($35.57) to GBX 2,650 ($34.65) and set a neutral rating for the company in a report on Thursday, July 18th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of Hold and an average target price of GBX 2,710 ($35.44).
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BHP Group Trading Up 3.5 %
BHP Group Increases Dividend
The firm also recently announced a dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, September 12th will be issued a dividend of $0.74 per share. This represents a dividend yield of 2.7%. The ex-dividend date of this dividend is Thursday, September 12th. This is a boost from BHP Group’s previous dividend of $0.72. BHP Group’s dividend payout ratio (DPR) is 9,491.53%.
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.
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