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

BHP Group (LON:BHP)‘s stock had its “hold” rating reissued by equities research analysts at Berenberg Bank in a research note issued to investors on Tuesday,Digital Look reports. They presently have a GBX 1,900 ($23.97) price target on the stock. Berenberg Bank’s target price would indicate a potential downside of 6.59% from the stock’s previous close.

Separately, JPMorgan Chase & Co. reissued a “neutral” rating on shares of BHP Group in a report on Tuesday. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of GBX 2,685.71 ($33.88).

BHP Group Stock Down 1.5 %

BHP Group stock traded down GBX 31 ($0.39) during midday trading on Tuesday, hitting GBX 2,034 ($25.66). 1,260,721 shares of the stock were exchanged, compared to its average volume of 1,950,686. BHP Group has a 1 year low of GBX 1,927.50 ($24.32) and a 1 year high of GBX 2,613.72 ($32.97). The firm has a market cap of £129.84 billion, a P/E ratio of 16.46, a P/E/G ratio of -0.78 and a beta of 0.84. The company has a debt-to-equity ratio of 45.03, a current ratio of 1.70 and a quick ratio of 1.37. The company has a 50 day moving average price of GBX 2,007.49 and a two-hundred day moving average price of GBX 2,078.28.

BHP Group Company Profile

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.