BHP Group (LON:BHP) Upgraded by Berenberg Bank to “Hold” Rating

BHP Group (LON:BHP) was upgraded by Berenberg Bank to a “hold” rating in a note issued to investors on Thursday,London Stock Exchange reports. The brokerage presently has a GBX 2,500 price target on the stock, down from their prior price target of GBX 2,600. Berenberg Bank’s price target suggests a potential downside of 9.42% from the stock’s current price.

Separately, JPMorgan Chase & Co. upped their target price on BHP Group from GBX 2,300 to GBX 2,400 and gave the company a “neutral” rating in a report on Wednesday, January 21st. Three equities research analysts have rated the stock with a Hold rating, According to MarketBeat, BHP Group has an average rating of “Hold” and a consensus target price of GBX 2,266.67.

BHP Group Stock Performance

BHP traded down GBX 16 on Thursday, hitting GBX 2,760. 716,448 shares of the company’s stock were exchanged, compared to its average volume of 3,508,409. The firm has a market cap of £140.16 billion, a PE ratio of 13.71, a P/E/G ratio of -0.78 and a beta of 0.74. BHP Group has a twelve month low of GBX 1,559.50 and a twelve month high of GBX 3,079. The stock has a fifty day moving average of GBX 2,685.20 and a two-hundred day moving average of GBX 2,342.42. The company has a current ratio of 1.65, a quick ratio of 1.37 and a debt-to-equity ratio of 62.55.

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. We aim to do this through owning a portfolio of world class assets with exposure to highly attractive commodities that benefit from the mega-trends playing out in the world around us, by operating them exceptionally well, by maintaining a disciplined approach to capital allocation and through being industry leaders in sustainability and the creation of social value.

We are a global business with over 9,000 suppliers around the world, many of which are small to medium-sized businesses that are local to our assets.