Brokerages Set BHP Group Limited (LON:BHP) Price Target at GBX 2,710

Shares of BHP Group Limited (LON:BHP) have earned an average recommendation of “Hold” from the seven research firms that are presently covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is GBX 2,710 ($35.19).

A number of analysts recently weighed in on BHP shares. Citigroup reissued a “buy” rating and issued a GBX 2,500 ($32.46) price target on shares of BHP Group in a report on Thursday, July 18th. Berenberg Bank restated a “hold” rating and set a GBX 2,000 ($25.97) target price on shares of BHP Group in a research report on Wednesday, August 28th. Deutsche Bank Aktiengesellschaft decreased their price target on BHP Group from GBX 2,250 ($29.21) to GBX 2,100 ($27.27) and set a “hold” rating on the stock in a report on Monday, September 9th. Royal Bank of Canada lifted their price objective on BHP Group from GBX 4,400 ($57.13) to GBX 4,500 ($58.43) and gave the stock a “sector perform” rating in a research report on Thursday, July 18th. Finally, JPMorgan Chase & Co. cut their target price on shares of BHP Group from GBX 2,720 ($35.32) to GBX 2,650 ($34.41) and set a “neutral” rating on the stock in a research report on Thursday, July 18th.

BHP Group Trading Up 1.6 %

BHP opened at GBX 2,177 ($28.27) on Wednesday. BHP Group has a 1-year low of GBX 1,941.10 ($25.20) and a 1-year high of GBX 2,707.50 ($35.15). The stock has a market capitalization of £110.37 billion, a PE ratio of 1,829.41, a PEG 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. The firm has a 50-day moving average price of GBX 2,123.93 and a two-hundred day moving average price of GBX 2,217.91.

BHP Group Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th were given a dividend of $0.74 per share. This represents a dividend yield of 2.7%. This is a boost from BHP Group’s previous dividend of $0.72. The ex-dividend date of this dividend was Thursday, September 12th. BHP Group’s dividend payout ratio (DPR) is currently 9,495.80%.

About BHP Group

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, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.