BHP Group Limited (LON:BHP) Receives GBX 2,320 Consensus Target Price from Brokerages

Shares of BHP Group Limited (LON:BHP - Get Free Report) have been assigned a consensus recommendation of "Hold" from the six brokerages that are currently covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating. The average 12-month target price among analysts that have issued a report on the stock in the last year is GBX 2,320 ($29.12).

Several research analysts have commented on the company. Barclays lowered their target price on BHP Group from GBX 2,610 ($32.76) to GBX 2,520 ($31.63) and set an "equal weight" rating for the company in a research note on Thursday, February 29th. Royal Bank of Canada reissued a "sector perform" rating on shares of BHP Group in a research note on Wednesday, February 21st. Citigroup reissued an "equal weight" rating and set a GBX 2,610 ($32.76) target price on shares of BHP Group in a research note on Tuesday, February 20th. Berenberg Bank lowered their target price on BHP Group from GBX 2,200 ($27.62) to GBX 2,100 ($26.36) and set a "hold" rating for the company in a research note on Tuesday, March 26th. Finally, JPMorgan Chase & Co. lowered their target price on BHP Group from GBX 2,730 ($34.27) to GBX 2,660 ($33.39) and set a "neutral" rating for the company in a research note on Friday, February 16th.

BHP Group Price Performance

Shares of BHP Group stock traded down GBX 43 ($0.54) during trading on Friday, reaching GBX 2,285 ($28.68). 933,968 shares of the company's stock were exchanged, compared to its average volume of 1,028,585. The company has a debt-to-equity ratio of 52.52, a quick ratio of 1.37 and a current ratio of 1.57. BHP Group has a 1-year low of GBX 2,157 ($27.08) and a 1-year high of GBX 2,707.50 ($33.99). The company has a market cap of £115.62 billion, a P/E ratio of 1,986.96, a PEG ratio of -0.78 and a beta of 0.85. The firm's 50-day moving average price is GBX 2,304.20 and its 200 day moving average price is GBX 2,388.85.

BHP Group Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 7th were issued a $0.72 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a yield of 2.41%. BHP Group's payout ratio is 10,434.78%.

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, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.