BHP Group (LON:BHP) Stock Keeps Hold Rating at Berenberg Bank

Key Points

• Berenberg Bank reaffirmed its “hold” rating on BHP Group and set a GBX 3,500 price target, implying approximately 15.32% potential upside.
• Analyst sentiment remains cautious: six analysts rate BHP a “hold,” with MarketBeat reporting an average rating of “Hold” and an average price target of GBX 3,133.33.
• BHP shares opened at GBX 3,035, with a market capitalization of about £154.27 billion and a 52-week trading range of GBX 1,971 to GBX 3,589.

BHP Group (LON:BHP - Get Free Report)'s stock had its "hold" rating restated by equities researchers at Berenberg Bank in a report released on Wednesday, Digital Look reports. They currently have a GBX 3,500 price target on the stock. Berenberg Bank's price objective would indicate a potential upside of 15.32% from the company's current price.

Several other brokerages have also weighed in on BHP. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a GBX 2,700 target price on shares of BHP Group in a research report on Wednesday, August 19th. Citigroup boosted their price target on BHP Group from GBX 3,250 to GBX 3,350 and gave the company a "neutral" rating in a research report on Thursday, September 10th. JPMorgan Chase & Co. dropped their price target on BHP Group from GBX 3,400 to GBX 3,000 and set a "neutral" rating for the company in a research note on Friday, July 10th. Jefferies Financial Group restated a "hold" rating and issued a GBX 3,350 price objective on shares of BHP Group in a report on Tuesday, August 18th. Finally, Royal Bank Of Canada restated a "sector perform" rating and issued a GBX 2,900 price objective on shares of BHP Group in a report on Monday, August 17th. Six investment analysts have rated the stock with a Hold rating. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of GBX 3,133.33.

BHP Group Stock Performance

BHP Group stock opened at GBX 3,035 on Wednesday. The firm has a market capitalization of £154.27 billion, a P/E ratio of 15.71, a PEG ratio of -0.78 and a beta of 0.84. The stock has a fifty day moving average price of GBX 3,289.48 and a 200 day moving average price of GBX 3,171.09. BHP Group has a 52 week low of GBX 1,971 and a 52 week high of GBX 3,589. The company has a current ratio of 1.88, a quick ratio of 1.37 and a debt-to-equity ratio of 53.26.

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. We aim to do this through owning a portfolio of world class assets with exposure to highly attractive commodities that benefit from the mega-trends playing out in the world around us, by operating them exceptionally well, by maintaining a disciplined approach to capital allocation and through being industry leaders in sustainability and the creation of social value. We are a global business with over 9,000 suppliers around the world, many of which are small to medium-sized businesses that are local to our assets.

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