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

BHP Group (NYSE:BHP - Get Free Report)'s stock had its "sell" rating reiterated by analysts at Berenberg Bank in a research report issued to clients and investors on Thursday, Marketbeat.com reports. They presently have a $44.00 target price on the mining company's stock. Berenberg Bank's price target indicates a potential downside of 15.58% from the company's current price.

A number of other equities research analysts have also recently issued reports on the stock. Macquarie cut shares of BHP Group from an "outperform" rating to a "neutral" rating in a research report on Friday, July 18th. Argus downgraded BHP Group from a "buy" rating to a "hold" rating in a report on Friday, June 13th. Finally, Sanford C. Bernstein lowered BHP Group from an "outperform" rating to a "market perform" rating in a research report on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $48.50.

BHP Group Price Performance

BHP Group stock traded down $1.03 during mid-day trading on Thursday, hitting $52.12. 1,801,738 shares of the company were exchanged, compared to its average volume of 2,992,267. BHP Group has a 1-year low of $39.73 and a 1-year high of $63.21. The company has a quick ratio of 1.25, a current ratio of 1.70 and a debt-to-equity ratio of 0.40. The business has a fifty day moving average of $49.92 and a 200 day moving average of $49.20. The company has a market capitalization of $132.17 billion, a PE ratio of 11.84 and a beta of 0.80.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Sowell Financial Services LLC bought a new position in BHP Group in the first quarter valued at about $280,000. Allspring Global Investments Holdings LLC lifted its position in BHP Group by 5.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 13,647 shares of the mining company's stock valued at $654,000 after acquiring an additional 764 shares in the last quarter. Deutsche Bank AG lifted its position in shares of BHP Group by 160.0% in the fourth quarter. Deutsche Bank AG now owns 1,950 shares of the mining company's stock worth $95,000 after purchasing an additional 1,200 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of BHP Group by 81.4% in the first quarter. GAMMA Investing LLC now owns 2,899 shares of the mining company's stock valued at $141,000 after buying an additional 1,301 shares in the last quarter. Finally, Oppenheimer & Co. Inc. increased its holdings in shares of BHP Group by 9.4% during the 1st quarter. Oppenheimer & Co. Inc. now owns 27,124 shares of the mining company's stock worth $1,317,000 after acquiring an additional 2,333 shares during the last quarter. 3.79% of the stock is currently owned by institutional investors.

BHP Group Company Profile

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.