BHP Group (LON:BHP) Rating Reiterated by Berenberg Bank

BHP Group (LON:BHP)‘s stock had its “hold” rating restated by analysts at Berenberg Bank in a note issued to investors on Friday, Digital Look reports. They currently have a GBX 2,100 ($25.94) price objective on the stock. Berenberg Bank’s price objective would indicate a potential downside of 7.65% from the stock’s current price.

BHP has been the topic of a number of other reports. Citigroup reissued an “equal weight” rating and issued a GBX 2,610 ($32.24) price objective on shares of BHP Group in a research report on Tuesday, February 20th. Royal Bank of Canada reissued 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 reduced their target price on shares of BHP Group from GBX 2,610 ($32.24) to GBX 2,520 ($31.13) and set an “equal weight” rating on the stock in a research report on Thursday, February 29th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 2,700 ($33.35) target price on shares of BHP Group in a research report on Thursday, April 18th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of GBX 2,367.50 ($29.24).

BHP Group Stock Performance

BHP Group stock opened at GBX 2,274 ($28.09) on Friday. The company has a debt-to-equity ratio of 52.52, a current ratio of 1.57 and a quick ratio of 1.37. BHP Group has a 1-year low of GBX 2,157 ($26.64) and a 1-year high of GBX 2,707.50 ($33.44). The firm has a market capitalization of £115.06 billion, a P/E ratio of 1,962.93, a price-to-earnings-growth ratio of -0.78 and a beta of 0.86. The company’s 50-day moving average is GBX 2,292.94 and its 200 day moving average is GBX 2,392.93.

BHP Group Company Profile

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.