BHP Group (LON:BHP) Receives “Hold” Rating from Berenberg Bank

Berenberg Bank reaffirmed their hold rating on shares of BHP Group (LON:BHP) in a research note published on Thursday, Digital Look reports. Berenberg Bank currently has a GBX 2,100 ($26.14) price objective on the stock.

BHP has been the subject of several other research reports. JPMorgan Chase & Co. reaffirmed a neutral rating on shares of BHP Group in a research note on Tuesday, April 9th. Jefferies Financial Group reaffirmed a buy rating and set a GBX 2,700 ($33.61) price target on shares of BHP Group in a research note on Thursday. Royal Bank of Canada reaffirmed a sector perform rating on shares of BHP Group in a research note on Wednesday, February 21st. Citigroup reaffirmed an equal weight rating and issued a GBX 2,610 ($32.49) price target on shares of BHP Group in a report on Tuesday, February 20th. Finally, Barclays lowered their price target on shares of BHP Group from GBX 2,610 ($32.49) to GBX 2,520 ($31.37) and set an equal weight rating on the stock in a report on Thursday, February 29th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, BHP Group presently has a consensus rating of Hold and an average target price of GBX 2,367.50 ($29.47).

BHP Group Stock Down 0.3 %

Shares of LON BHP opened at GBX 2,317 ($28.84) on Thursday. The company has a debt-to-equity ratio of 52.52, a current ratio of 1.57 and a quick ratio of 1.37. The company has a market cap of £117.24 billion, a P/E ratio of 1,992.24, a PEG ratio of -0.78 and a beta of 0.86. BHP Group has a 1 year low of GBX 2,157 ($26.85) and a 1 year high of GBX 2,707.50 ($33.70). The firm has a 50-day simple moving average of GBX 2,295.71 and a two-hundred day simple moving average of GBX 2,391.09.

BHP Group Cuts Dividend

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

About BHP Group

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.