BHP Group (NYSE:BHP - Get Free Report)'s stock had its "sell" rating reaffirmed by stock analysts at Berenberg Bank in a research report issued on Thursday, Marketbeat.com reports. They currently have a $44.00 target price on the mining company's stock. Berenberg Bank's price objective indicates a potential downside of 17.25% from the stock's previous close.
Other research analysts also recently issued research reports about the company. Argus downgraded BHP Group from a "buy" rating to a "hold" rating in a report on Friday, June 13th. Sanford C. Bernstein downgraded BHP Group from an "outperform" rating to a "market perform" rating in a report on Monday, May 19th. Finally, Macquarie downgraded BHP Group from an "outperform" rating to a "neutral" rating in a report on Friday, July 18th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $48.50.
Read Our Latest Analysis on BHP
BHP Group Price Performance
NYSE BHP traded down $0.91 during trading hours on Thursday, reaching $53.17. 3,186,639 shares of the stock traded hands, compared to its average volume of 3,558,894. The company has a market cap of $134.83 billion, a price-to-earnings ratio of 12.08 and a beta of 0.80. The stock has a 50 day simple moving average of $49.92 and a two-hundred day simple moving average of $49.19. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.70 and a quick ratio of 1.25. BHP Group has a 1 year low of $39.73 and a 1 year high of $63.21.
Institutional Trading of BHP Group
Large investors have recently modified their holdings of the business. Costello Asset Management INC bought a new stake in shares of BHP Group in the first quarter worth about $26,000. WFA Asset Management Corp bought a new stake in BHP Group during the 1st quarter valued at approximately $26,000. Alpine Bank Wealth Management bought a new stake in BHP Group during the 1st quarter valued at approximately $27,000. Compagnie Lombard Odier SCmA bought a new stake in BHP Group during the 1st quarter valued at approximately $32,000. Finally, Hilltop National Bank bought a new stake in BHP Group during the 2nd quarter valued at approximately $32,000. 3.79% of the stock is owned by institutional investors.
About BHP Group
(
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BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally. The company operates through Copper, Iron Ore, and Coal segments. It engages in the mining of copper, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.
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