BHP Group Limited (LON:BHP) Stock Rated “Hold” by Wall Street Analysts

BHP Group Limited (LON:BHP) has been assigned a consensus rating of “Hold” from the six analysts that are presently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is GBX 3,116.67.

BHP has been the topic of a number of research reports. Citigroup upped their target price on BHP Group from GBX 3,250 to GBX 3,350 and gave the stock a “neutral” rating in a research report on Thursday, September 10th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 3,350 price target on shares of BHP Group in a research report on Tuesday, August 18th. JPMorgan Chase & Co. reduced their price target on shares of BHP Group from GBX 3,400 to GBX 3,000 and set a “neutral” rating for the company in a research report on Friday, July 10th. Berenberg Bank restated a “hold” rating and set a GBX 3,400 price target on shares of BHP Group in a research note on Wednesday, August 19th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a GBX 2,900 price target on shares of BHP Group in a research note on Monday, August 17th.

BHP Group Trading Down 4.2%

Shares of BHP Group stock opened at GBX 3,033 on Thursday. The company has a debt-to-equity ratio of 53.26, a quick ratio of 1.37 and a current ratio of 1.88. BHP Group has a 52 week low of GBX 1,971 and a 52 week high of GBX 3,589. The stock has a 50 day moving average price of GBX 3,307.12 and a two-hundred day moving average price of GBX 3,159.30. The stock has a market capitalization of £154.17 billion, a PE ratio of 15.70, a price-to-earnings-growth ratio of -0.78 and a beta of 0.84.

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. 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.