BHP Group (LON:BHP) Earns "Sell" Rating from Berenberg Bank

Key Points

• BHP Group's stock has been restated with a "sell" rating by Berenberg Bank, alongside a price target of GBX 1,900, indicating a potential downside of 9.18% from its previous close.
• JPMorgan Chase & Co. raised their price target on BHP Group to GBX 2,160 with a "neutral" rating, while Deutsche Bank reaffirmed a "hold" rating at GBX 1,900.
• The stock is currently trading down 0.5% at GBX 2,092, with significant fluctuations over the past year, marking a low of GBX 1,559.50 and a high of GBX 2,254.

BHP Group (LON:BHP - Get Free Report)'s stock had its "sell" rating restated by research analysts at Berenberg Bank in a research report issued to clients and investors on Wednesday,Digital Look reports. They presently have a GBX 1,900 price target on the stock. Berenberg Bank's price objective suggests a potential downside of 9.18% from the company's previous close.

BHP has been the subject of several other reports. JPMorgan Chase & Co. lifted their price objective on BHP Group from GBX 2,130 to GBX 2,160 and gave the stock a "neutral" rating in a report on Wednesday, August 20th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a GBX 1,900 target price on shares of BHP Group in a report on Monday, July 21st. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Reduce" and a consensus price target of GBX 1,986.67.

BHP Group Trading Down 0.5%

Shares of LON:BHP traded down GBX 11 on Wednesday, hitting GBX 2,092. The company had a trading volume of 693,262 shares, compared to its average volume of 1,453,037. BHP Group has a 1 year low of GBX 1,559.50 and a 1 year high of GBX 2,254. The firm has a market capitalization of £106.24 billion, a price-to-earnings ratio of 11.79, a P/E/G ratio of -0.78 and a beta of 0.84. The firm's 50-day simple moving average is GBX 2,034.96 and its two-hundred day simple moving average is GBX 1,901.99. The company has a quick ratio of 1.37, a current ratio of 1.70 and a debt-to-equity ratio of 45.03.

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.

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