BHP Group (LON:BHP) Stock Rating Upgraded by Berenberg Bank

Key Points

• Berenberg Bank upgraded BHP to a "hold" but cut its target to GBX 2,500 (from GBX 2,600), implying roughly a 9.42% downside versus the current share price.
• JPMorgan raised its target to GBX 2,400 with a "neutral" rating, and the stock's consensus remains Hold with a consensus target of GBX 2,266.67.
• Shares traded at about GBX 2,760 (down 0.6%) with a market cap of £140.16 billion, a P/E of 13.71, and a 12‑month range of GBX 1,559.50–3,079.

BHP Group (LON:BHP - Get Free Report) was upgraded by equities research analysts at Berenberg Bank to a "hold" rating in a note issued to investors on Thursday,London Stock Exchange reports. The brokerage currently has a GBX 2,500 target price on the stock, down from their prior target price of GBX 2,600. Berenberg Bank's price target would suggest a potential downside of 9.42% from the company's current price.

Separately, JPMorgan Chase & Co. upped their target price on shares of BHP Group from GBX 2,300 to GBX 2,400 and gave the company a "neutral" rating in a research note on Wednesday, January 21st. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of GBX 2,266.67.

BHP Group Stock Down 0.6%

LON BHP traded down GBX 16 during trading hours on Thursday, reaching GBX 2,760. 716,448 shares of the company traded hands, compared to its average volume of 3,508,409. The stock has a market capitalization of £140.16 billion, a PE ratio of 13.71, a PEG ratio of -0.78 and a beta of 0.74. The company has a current ratio of 1.65, a quick ratio of 1.37 and a debt-to-equity ratio of 62.55. BHP Group has a 12 month low of GBX 1,559.50 and a 12 month high of GBX 3,079. The company has a 50 day moving average of GBX 2,685.20 and a two-hundred day moving average of GBX 2,342.42.

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. 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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