Brokerages Set BHP Group Limited (LON:BHP) Price Target at GBX 2,367.50

Shares of BHP Group Limited (LON:BHP) have been given an average rating of “Hold” by the seven ratings firms that are covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is GBX 2,367.50 ($29.74).

BHP has been the subject of several recent research reports. Royal Bank of Canada reissued a “sector perform” rating on shares of BHP Group in a report on Wednesday, February 21st. Jefferies Financial Group reissued a “buy” rating and issued a GBX 2,700 ($33.92) price objective on shares of BHP Group in a report on Thursday, April 18th. JPMorgan Chase & Co. restated a “neutral” rating on shares of BHP Group in a research note on Tuesday, April 9th. Barclays reduced their price target on BHP Group from GBX 2,610 ($32.78) to GBX 2,520 ($31.65) and set an “equal weight” rating for the company in a research report on Thursday, February 29th. Finally, Berenberg Bank reaffirmed a “hold” rating and set a GBX 2,100 ($26.38) price objective on shares of BHP Group in a research note on Friday, April 26th.

BHP Group Stock Performance

BHP opened at GBX 2,241 ($28.15) on Wednesday. The firm has a 50 day moving average of GBX 2,282.97 and a two-hundred day moving average of GBX 2,389.95. The firm has a market capitalization of £113.39 billion, a PE ratio of 1,931.90, a P/E/G ratio of -0.78 and a beta of 0.86. The company has a current ratio of 1.57, a quick ratio of 1.37 and a debt-to-equity ratio of 52.52. BHP Group has a 12-month low of GBX 2,157 ($27.09) and a 12-month high of GBX 2,707.50 ($34.01).

BHP Group Cuts Dividend

The business also recently declared 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 of this dividend was Thursday, March 7th. This represents a yield of 2.41%. BHP Group’s dividend 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.