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

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 reaffirmed their sell rating on shares of BHP Group (LON:BHP - Free Report) in a research note released on Tuesday morning, Marketbeat.com reports. The brokerage currently has a GBX 1,700 target price on the stock.

BHP has been the topic of a number of other research reports. JPMorgan Chase & Co. increased their target price on BHP Group from GBX 2,130 to GBX 2,160 and gave the company a "neutral" rating in a research note 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 research note on Monday, July 21st. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Reduce" and an average price target of GBX 1,920.

BHP Group Price Performance

Shares of BHP Group stock traded up GBX 49 during 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 firm has a market cap of £131.31 billion, a price-to-earnings ratio of 16.65, a P/E/G ratio of -0.78 and a beta of 0.84. The company has a current ratio of 1.70, a quick ratio of 1.37 and a debt-to-equity ratio of 45.03. BHP Group has a 12 month low of GBX 1,559.50 and a 12 month high of GBX 2,382. The business's 50-day moving average is GBX 1,890.31 and its 200 day moving average is GBX 1,874.59.

About BHP Group

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.