Jefferies Financial Group reissued their buy rating on shares of BHP Group (LON:BHP – Free Report) in a report issued on Thursday, Marketbeat reports. They currently have a GBX 2,700 ($33.61) price objective on the stock.
A number of other brokerages have also recently issued reports on BHP. Berenberg Bank decreased their target price on BHP Group from GBX 2,200 ($27.39) to GBX 2,100 ($26.14) and set a hold rating for the company in a research report on Tuesday, March 26th. Royal Bank of Canada reaffirmed a sector perform rating on shares of BHP Group in a research report on Wednesday, February 21st. JPMorgan Chase & Co. reaffirmed a neutral rating on shares of BHP Group in a research report on Tuesday, April 9th. Barclays decreased their target price on BHP Group from GBX 2,610 ($32.49) to GBX 2,520 ($31.37) and set an equal weight rating for the company in a research report on Thursday, February 29th. Finally, Citigroup reiterated an equal weight rating and set a GBX 2,610 ($32.49) price target on shares of BHP Group in a report on Tuesday, February 20th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, BHP Group currently has a consensus rating of Hold and a consensus target price of GBX 2,367.50 ($29.47).
Get Our Latest Analysis on BHP
BHP Group Stock Down 0.3 %
BHP Group Cuts Dividend
The company also recently announced a dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 7th were paid a $0.72 dividend. The ex-dividend date was Thursday, March 7th. This represents a dividend yield of 2.41%. BHP Group’s payout ratio is 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.
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