BHP Group's (BHP) Sell Rating Reiterated at Berenberg Bank

Key Points

• BHP Group's stock has been given a "sell" rating by Berenberg Bank, with a price target of GBX 1,700, indicating a potential downside of 14.25% from its current price.
• Other brokerages have mixed ratings on BHP, with Deutsche Bank maintaining a "hold" rating at GBX 1,900 and JPMorgan Chase raising its target to GBX 2,160 with a "neutral" rating.
• BHP Group's stock is currently trading at GBX 1,982.50, with a 12-month price range between GBX 1,559.50 and GBX 2,382.

Berenberg Bank reissued their sell rating on shares of BHP Group (LON:BHP - Free Report) in a research report report published on Tuesday, Marketbeat Ratings reports. Berenberg Bank currently has a GBX 1,700 price objective on the stock.

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

BHP Group Stock Up 2.4%

Shares of LON:BHP traded up GBX 49 during midday trading on Tuesday, hitting GBX 2,057. The stock had a trading volume of 1,106,350 shares, compared to its average volume of 1,336,574. The business's 50-day simple moving average is GBX 1,890.31 and its 200-day simple moving average is GBX 1,876.66. BHP Group has a 12 month low of GBX 1,559.50 and a 12 month high of GBX 2,382. The company has a market cap of £131.31 billion, a P/E ratio of 16.65, a PEG ratio of -0.78 and a beta of 0.84. 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.