Berenberg Bank Reiterates Sell Rating for BHP Group (LON:BHP)

BHP Group (LON:BHP)‘s stock had its “sell” rating reaffirmed by Berenberg Bank in a research note issued to investors on Tuesday, MarketBeat reports. They presently have a GBX 1,700 price target on the stock. Berenberg Bank’s target price suggests a potential downside of 14.40% from the company’s current price.

Other equities analysts have also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 1,900 price target on shares of BHP Group in a research note on Monday, July 21st. JPMorgan Chase & Co. boosted their price objective on shares of BHP Group from GBX 2,130 to GBX 2,160 and gave the stock a “neutral” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, BHP Group has an average rating of “Reduce” and a consensus price target of GBX 1,920.

BHP Group Stock Performance

Shares of BHP opened at GBX 1,986 on Tuesday. The company has a debt-to-equity ratio of 45.03, a quick ratio of 1.37 and a current ratio of 1.70. BHP Group has a 1 year low of GBX 1,559.50 and a 1 year high of GBX 2,382. The stock has a market capitalization of £126.77 billion, a P/E ratio of 16.07, a P/E/G ratio of -0.78 and a beta of 0.84. The company’s fifty day moving average is GBX 1,881.45 and its two-hundred day moving average is GBX 1,876.09.

BHP Group Company Profile

We are a world-leading resources company, focused on the resources the world needs to grow and decarbonise. Copper for renewable energy. Potash for sustainable farming. Iron ore and metallurgical coal for the steel needed for global infrastructure and the energy transition.

A resources mix for today and for the future.

Our strategy is to deliver long-term value and returns through the cycle.