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

Berenberg Bank reiterated their hold rating on shares of BHP Group (LON:BHP) in a report issued on Wednesday morning,Digital Look reports. Berenberg Bank currently has a GBX 3,400 price target on the stock.

Several other brokerages also recently commented on BHP. Citigroup lifted their target price on shares of BHP Group from £290 to £350 and gave the stock a “neutral” rating in a report on Monday, June 8th. JPMorgan Chase & Co. decreased their price target on shares of BHP Group from GBX 3,400 to GBX 3,000 and set a “neutral” rating for the company in a report on Friday, July 10th. Jefferies Financial Group restated a “hold” rating and set a GBX 3,350 price target on shares of BHP Group in a report on Tuesday. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 2,900 price target on shares of BHP Group in a research report on Monday, August 17th. Six research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, BHP Group has a consensus rating of “Hold” and a consensus target price of GBX 8,391.67.

BHP Group Price Performance

Shares of BHP Group stock opened at GBX 3,525 on Wednesday. The firm has a fifty day simple moving average of GBX 3,185.04 and a 200-day simple moving average of GBX 3,001.41. 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 has a 1-year low of GBX 1,918 and a 1-year high of GBX 3,542. The stock has a market capitalization of £179.09 billion, a price-to-earnings ratio of 17.51, a PEG 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.