Shares of BHP Group Limited (LON:BHP – Get Free Report) have earned an average recommendation of “Hold” from the seven analysts that are covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is GBX 2,367.50 ($29.74).
A number of analysts have recently weighed in on the company. Citigroup reiterated an “equal weight” rating and set a GBX 2,610 ($32.78) target price on shares of BHP Group in a research report on Tuesday, February 20th. Royal Bank of Canada reissued a “sector perform” rating on shares of BHP Group in a report on Wednesday, February 21st. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of BHP Group in a report on Tuesday, April 9th. Berenberg Bank reissued a “hold” rating and issued a GBX 2,100 ($26.38) price objective on shares of BHP Group in a research note on Friday, April 26th. Finally, Barclays cut their target price on BHP Group from GBX 2,610 ($32.78) to GBX 2,520 ($31.65) and set an “equal weight” rating for the company in a research note on Thursday, February 29th.
View Our Latest Stock Analysis on BHP
BHP Group Stock Up 0.4 %
BHP Group Cuts Dividend
The company also recently announced a dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 7th were given a $0.72 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a yield of 2.41%. BHP Group’s dividend payout ratio is presently 10,344.83%.
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, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.
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