BHP Group Limited (LON:BHP) Stock Now Rated "Hold" by Wall Street Brokerages

Key Points

• BHP Group has a consensus “Hold” rating from six analysts, with an average 12-month price target of GBX 3,116.67.
• Analysts’ targets range from GBX 2,900 to GBX 3,400, with JPMorgan cutting its target to GBX 3,000 while Citigroup raised its target to GBX 3,350.
• BHP shares opened at GBX 3,180 and were trading down 1.1%; the company has a £161.64 billion market capitalization and a 52-week trading range of GBX 1,971 to GBX 3,589.

BHP Group Limited (LON:BHP - Get Free Report) has received a consensus recommendation of "Hold" from the six brokerages that are currently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation. The average 12-month price target among brokers that have issued a report on the stock in the last year is GBX 3,116.67.

A number of equities analysts have weighed in on BHP shares. JPMorgan Chase & Co. cut their target price on shares of 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 issued a GBX 3,400 price objective on shares of BHP Group in a report on Wednesday, August 19th. Royal Bank Of Canada reissued a "sector perform" rating and set a GBX 2,900 target price on shares of BHP Group in a report on Monday, August 17th. Jefferies Financial Group restated a "hold" rating and set a GBX 3,350 target price on shares of BHP Group in a research report on Tuesday, August 18th. Finally, Citigroup lifted their price target on BHP Group from GBX 3,250 to GBX 3,350 and gave the company a "neutral" rating in a research report on Thursday, September 10th.

BHP Group Trading Down 1.1%

Shares of BHP opened at GBX 3,180 on Thursday. BHP Group has a fifty-two week low of GBX 1,971 and a fifty-two week high of GBX 3,589. The business has a 50-day moving average of GBX 3,303.78 and a 200 day moving average of GBX 3,135.73. The firm has a market cap of £161.64 billion, a P/E ratio of 16.46, a price-to-earnings-growth ratio of -0.78 and a beta of 0.84. The company has a debt-to-equity ratio of 53.26, a quick ratio of 1.37 and a current ratio of 1.88.

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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