Deutsche Bank Aktiengesellschaft Issues Pessimistic Forecast for BHP Group (LON:BHP) Stock Price

BHP Group (LON:BHP - Get Free Report) had its price objective cut by equities researchers at Deutsche Bank Aktiengesellschaft from GBX 1,950 ($26.62) to GBX 1,900 ($25.94) in a research report issued on Wednesday, MarketBeat Ratings reports. The brokerage currently has a "hold" rating on the stock. Deutsche Bank Aktiengesellschaft's price objective points to a potential upside of 2.93% from the stock's current price.

BHP Group Stock Down 0.1%

BHP stock traded down GBX 1 ($0.01) during trading hours on Wednesday, hitting GBX 1,846 ($25.20). The company's stock had a trading volume of 1,329,734 shares, compared to its average volume of 1,445,700. The stock has a 50 day moving average price of GBX 1,817.43 and a two-hundred day moving average price of GBX 1,889.38. BHP Group has a 12 month low of GBX 1,559.50 ($21.29) and a 12 month high of GBX 2,382 ($32.52). The company has a market capitalization of £117.84 billion, a PE ratio of 14.94, a price-to-earnings-growth ratio of -0.78 and a beta of 0.84. The company has a quick ratio of 1.37, a current ratio of 1.70 and a debt-to-equity ratio of 45.03.

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.