BHP Group’s (BHP) Hold Rating Reiterated at Berenberg Bank

BHP Group (LON:BHP)‘s stock had its “hold” rating reiterated by equities research analysts at Berenberg Bank in a research note issued to investors on Thursday,Digital Look reports. They currently have a GBX 1,900 ($23.39) target price on the stock. Berenberg Bank’s target price suggests a potential downside of 4.35% from the stock’s previous close.

Separately, JPMorgan Chase & Co. boosted their target price on BHP Group from GBX 2,490 ($30.65) to GBX 2,580 ($31.76) and gave the stock a “neutral” rating in a report on Friday, December 6th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, BHP Group presently has an average rating of “Hold” and an average price target of GBX 2,685.71 ($33.06).

BHP Group Stock Performance

LON BHP opened at GBX 1,986.50 ($24.46) on Thursday. The firm’s fifty day moving average price is GBX 2,024.30 and its two-hundred day moving average price is GBX 2,110.58. BHP Group has a 1 year low of GBX 1,927.50 ($23.73) and a 1 year high of GBX 2,613.72 ($32.18). The firm has a market capitalization of £100.72 billion, a P/E ratio of 1,669.33, a price-to-earnings-growth ratio of -0.78 and a beta of 0.84. The company has a current ratio of 1.70, a quick ratio of 1.37 and a debt-to-equity ratio of 45.26.

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.