BHP Group’s (BHP) “Hold” Rating Reiterated at Berenberg Bank

BHP Group (LON:BHPGet Rating)‘s stock had its “hold” rating restated by Berenberg Bank in a note issued to investors on Thursday, MarketBeat.com reports. They currently have a GBX 2,700 ($35.13) target price on the stock. Berenberg Bank’s price objective would indicate a potential downside of 0.02% from the stock’s current price.

Several other brokerages have also recently issued reports on BHP. Liberum Capital reaffirmed a “sell” rating and set a GBX 1,750 ($22.77) price objective on shares of BHP Group in a report on Monday, February 28th. Deutsche Bank Aktiengesellschaft upped their price objective on BHP Group from GBX 2,300 ($29.92) to GBX 2,500 ($32.53) and gave the stock a “hold” rating in a report on Tuesday, April 5th. Citigroup reaffirmed a “neutral” rating and set a GBX 2,250 ($29.27) price objective on shares of BHP Group in a report on Tuesday, February 8th. Barclays reissued an “equal weight” rating and set a GBX 2,500 ($32.53) target price on shares of BHP Group in a research report on Sunday, March 20th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a GBX 2,600 ($33.83) target price on shares of BHP Group in a research report on Tuesday, April 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of GBX 2,450 ($31.88).

Shares of BHP opened at GBX 2,700.50 ($35.14) on Thursday. The stock has a market capitalization of £136.71 billion and a price-to-earnings ratio of 10.56. BHP Group has a 1 year low of GBX 1,774.56 ($23.09) and a 1 year high of GBX 3,040 ($39.55). The business’s 50 day simple moving average is GBX 2,735.82 and its 200-day simple moving average is GBX 2,349.02. The company has a debt-to-equity ratio of 36.09, a current ratio of 1.92 and a quick ratio of 0.86.

About BHP Group (Get Rating)

BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, rest of Asia, North America, South America, and internationally. It operates through Petroleum, Copper, Iron Ore, and Coal segments. The company engages in the exploration, development, and production of oil and gas properties; and mining of copper, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.

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Analyst Recommendations for BHP Group (LON:BHP)

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