BHP Group's (BHP) "Sector perform" Rating Reiterated at Royal Bank Of Canada

Key Points

• Royal Bank of Canada reiterated its “sector perform” rating on BHP Group and set a GBX 2,900 price target, implying approximately 10.96% downside from the current share price.
• Analyst sentiment remains cautious, with multiple firms maintaining “hold” or “neutral” ratings; MarketBeat reports a consensus rating of “Hold.”
• BHP shares opened at GBX 3,257 and were up 0.4%, with the company valued at approximately £165.48 billion and trading between a 12-month range of GBX 1,918 to GBX 3,495.

BHP Group (LON:BHP - Get Free Report)'s stock had its "sector perform" rating reiterated by equities researchers at Royal Bank Of Canada in a report issued on Monday,Digital Look reports. They presently have a GBX 2,900 price objective on the stock. Royal Bank Of Canada's target price points to a potential downside of 10.96% from the company's current price.

BHP has been the topic of several other research reports. Jefferies Financial Group reiterated a "hold" rating and set a GBX 3,350 price objective on shares of BHP Group in a report on Tuesday. JPMorgan Chase & Co. decreased their target price on BHP Group from GBX 3,400 to GBX 3,000 and set a "neutral" rating for the company in a research report on Friday, July 10th. Berenberg Bank reaffirmed a "hold" rating and set a GBX 2,500 price target on shares of BHP Group in a research note on Thursday, April 23rd. Finally, Citigroup increased their price target on BHP Group from £290 to £350 and gave the stock a "neutral" rating in a report on Monday, June 8th. Five research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of GBX 9,350.

BHP Group Trading Up 0.4%

LON BHP opened at GBX 3,257 on Monday. The firm has a market capitalization of £165.48 billion, a PE ratio of 16.18, a price-to-earnings-growth ratio of -0.78 and a beta of 0.84. The business's 50-day moving average price is GBX 3,168.30 and its two-hundred day moving average price is GBX 2,980.64. 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 1,918 and a 12 month high of GBX 3,495.

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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