Berenberg Bank Reiterates Hold Rating for BHP Group (LON:BHP)

BHP Group (LON:BHP - Get Free Report)'s stock had its "hold" rating reiterated by stock analysts at Berenberg Bank in a research note issued to investors on Friday, MarketBeat.com reports. They presently have a GBX 2,100 ($25.94) target price on the stock. Berenberg Bank's price target would indicate a potential downside of 6.67% from the company's current price.

BHP has been the topic of a number of other research reports. Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 2,700 ($33.35) price objective on shares of BHP Group in a research note on Thursday, April 18th. Barclays decreased their price target on BHP Group from GBX 2,610 ($32.24) to GBX 2,520 ($31.13) and set an "equal weight" rating on the stock in a research note on Thursday, February 29th. JPMorgan Chase & Co. reissued a "neutral" rating on shares of BHP Group in a research note on Tuesday, April 9th. Royal Bank of Canada reissued a "sector perform" rating on shares of BHP Group in a research note on Wednesday, February 21st. Finally, Citigroup reissued an "equal weight" rating and issued a GBX 2,610 ($32.24) price target on shares of BHP Group in a research note on Tuesday, February 20th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of GBX 2,367.50 ($29.24).

BHP Group Price Performance

Shares of BHP traded down GBX 61 ($0.75) during trading hours on Friday, reaching GBX 2,250 ($27.79). 2,000,271 shares of the company traded hands, compared to its average volume of 1,122,232. The company has a quick ratio of 1.37, a current ratio of 1.57 and a debt-to-equity ratio of 52.52. The stock has a market capitalization of £113.85 billion, a PE ratio of 1,939.66, a price-to-earnings-growth ratio of -0.78 and a beta of 0.86. BHP Group has a fifty-two week low of GBX 2,157 ($26.64) and a fifty-two week high of GBX 2,707.50 ($33.44). The stock has a fifty day simple moving average of GBX 2,289.87 and a 200 day simple moving average of GBX 2,392.68.

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.