BHP Group (NYSE:BBL) Upgraded to “Sell” at ValuEngine

ValuEngine upgraded shares of BHP Group (NYSE:BBL) from a strong sell rating to a sell rating in a report published on Thursday morning, ValuEngine reports.

A number of other research analysts also recently commented on BBL. UBS Group reissued a neutral rating on shares of BHP Group in a research report on Wednesday, October 9th. Deutsche Bank upgraded shares of BHP Group from a sell rating to a hold rating in a research note on Wednesday, September 4th. Royal Bank of Canada raised shares of BHP Group from a sector perform rating to an outperform rating in a report on Friday, October 25th. Zacks Investment Research raised shares of BHP Group from a strong sell rating to a hold rating in a research note on Wednesday, October 16th. Finally, Liberum Capital lowered BHP Group from a hold rating to a sell rating in a report on Thursday, August 22nd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $54.00.

NYSE:BBL traded up $0.66 during mid-day trading on Thursday, reaching $44.63. The company’s stock had a trading volume of 710,690 shares, compared to its average volume of 1,275,811. The company has a quick ratio of 1.58, a current ratio of 1.89 and a debt-to-equity ratio of 0.45. BHP Group has a 1 year low of $38.38 and a 1 year high of $51.87. The stock has a fifty day moving average of $43.51 and a 200-day moving average of $45.21. The firm has a market capitalization of $46.63 billion, a PE ratio of 12.19, a price-to-earnings-growth ratio of 2.74 and a beta of 0.98.

Several hedge funds have recently added to or reduced their stakes in BBL. Doyle Wealth Management bought a new position in shares of BHP Group during the 2nd quarter worth approximately $39,000. Advisory Services Network LLC increased its position in BHP Group by 35.5% during the 2nd quarter. Advisory Services Network LLC now owns 877 shares of the mining company’s stock valued at $45,000 after buying an additional 230 shares in the last quarter. SRS Capital Advisors Inc. acquired a new position in BHP Group during the 2nd quarter valued at about $47,000. Griffin Asset Management Inc. purchased a new stake in BHP Group in the second quarter valued at about $163,000. Finally, Pacer Advisors Inc. purchased a new stake in BHP Group in the second quarter valued at about $193,000. 4.33% of the stock is owned by institutional investors and hedge funds.

About BHP Group

BHP Group discovers, acquires, develops, and markets natural resources worldwide. The company engages in the exploration, development, and production of oil and gas properties; and mining of copper, silver, lead, zinc, molybdenum, uranium, gold, and iron ores, as well as metallurgical and energy coal.

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Analyst Recommendations for BHP Group (NYSE:BBL)

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