BHP Group Limited (LON:BHP) Stock Rated “Hold” by Sell-Side Analysts

Shares of BHP Group Limited (LON:BHP) have been given an average recommendation of “Hold” by the six analysts that are presently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is GBX 3,116.67.

Several brokerages recently issued reports on BHP. JPMorgan Chase & Co. dropped their target price on shares of BHP Group from GBX 3,400 to GBX 3,000 and set a “neutral” rating on the stock in a report on Friday, July 10th. Berenberg Bank reiterated a “hold” rating and set a GBX 3,400 target price on shares of BHP Group in a research note on Wednesday, August 19th. Citigroup increased their price target on BHP Group from GBX 3,250 to GBX 3,350 and gave the company a “neutral” rating in a report on Thursday, September 10th. Jefferies Financial Group reissued a “hold” rating and set a GBX 3,350 price target on shares of BHP Group in a report on Tuesday, August 18th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 2,900 price target on shares of BHP Group in a research note on Monday, August 17th.

BHP Group Price Performance

BHP opened at GBX 3,282 on Thursday. The company has a debt-to-equity ratio of 53.26, a quick ratio of 1.37 and a current ratio of 1.88. The stock has a market capitalization of £166.82 billion, a P/E ratio of 16.99, a P/E/G ratio of -0.78 and a beta of 0.84. The company’s 50-day simple moving average is GBX 3,310.52 and its two-hundred day simple moving average is GBX 3,151.06. BHP Group has a 52-week low of GBX 1,971 and a 52-week high of GBX 3,589.

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.