BHP Group Limited (LON:BHP) Given Average Rating of “Hold” by Brokerages

BHP Group Limited (LON:BHP) has been given an average recommendation of “Hold” by the six ratings firms that are covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is GBX 3,116.67.

Several equities research analysts have recently commented on the stock. Royal Bank Of Canada reiterated a “sector perform” rating and set a GBX 2,900 price objective on shares of BHP Group in a research note on Monday, August 17th. Berenberg Bank reissued a “hold” rating and issued a GBX 3,400 target price on shares of BHP Group in a research report on Wednesday, August 19th. Citigroup raised their target price on BHP Group from GBX 3,250 to GBX 3,350 and gave the stock a “neutral” rating in a research note on Thursday. JPMorgan Chase & Co. lowered their price target on 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.

BHP Group Stock Down 0.7%

BHP stock opened at GBX 3,228 on Friday. The stock has a market capitalization of £164.08 billion, a PE ratio of 16.71, a price-to-earnings-growth ratio of -0.78 and a beta of 0.84. BHP Group has a 52 week low of GBX 1,918 and a 52 week high of GBX 3,589. The company has a quick ratio of 1.37, a current ratio of 1.88 and a debt-to-equity ratio of 53.26. The firm has a 50 day moving average of GBX 3,259.14 and a 200 day moving average of GBX 3,081.68.

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.