Jefferies Financial Group Lowers BHP Group (NYSE:BHP) Price Target to $53.00

BHP Group (NYSE:BHP) had its target price dropped by stock analysts at Jefferies Financial Group from $57.00 to $53.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a “hold” rating on the mining company’s stock. Jefferies Financial Group’s price objective indicates a potential upside of 9.91% from the company’s current price.

A number of other research analysts have also recently commented on BHP. Argus raised BHP Group to a “strong-buy” rating in a research report on Thursday, September 19th. Sanford C. Bernstein raised shares of BHP Group from a “market perform” rating to an “outperform” rating in a report on Monday, September 16th. Finally, StockNews.com upgraded shares of BHP Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 26th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.00.

BHP Group Trading Down 0.6 %

NYSE:BHP opened at $48.22 on Monday. The firm’s 50 day moving average is $51.97 and its 200 day moving average is $54.63. BHP Group has a 12 month low of $48.10 and a 12 month high of $66.13. The stock has a market capitalization of $122.27 billion, a PE ratio of 10.44 and a beta of 0.95. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Eastern Bank bought a new position in shares of BHP Group in the third quarter valued at approximately $26,000. Asset Dedication LLC boosted its holdings in BHP Group by 7,516.7% in the 2nd quarter. Asset Dedication LLC now owns 457 shares of the mining company’s stock valued at $26,000 after purchasing an additional 451 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in shares of BHP Group during the 2nd quarter valued at $27,000. Sound Income Strategies LLC increased its holdings in shares of BHP Group by 124.6% in the third quarter. Sound Income Strategies LLC now owns 530 shares of the mining company’s stock worth $33,000 after purchasing an additional 294 shares during the period. Finally, Farmers & Merchants Investments Inc. purchased a new stake in shares of BHP Group in the third quarter worth $50,000. Hedge funds and other institutional investors own 3.79% of the company’s stock.

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, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.