Berenberg Bank Reiterates “Hold” Rating for BHP Group (LON:BHP)

BHP Group (LON:BHP)‘s stock had its “hold” rating reiterated by research analysts at Berenberg Bank in a research note issued on Tuesday, Marketbeat Ratings reports. They currently have a GBX 2,000 ($25.31) price target on the stock. Berenberg Bank’s price objective suggests a potential downside of 2.91% from the stock’s current price.

Separately, Deutsche Bank Aktiengesellschaft dropped their price objective on BHP Group from GBX 2,250 ($28.47) to GBX 2,100 ($26.57) and set a “hold” rating on the stock in a research note on Monday, September 9th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, BHP Group presently has a consensus rating of “Hold” and a consensus target price of GBX 2,710 ($34.29).

BHP Group Stock Down 0.1 %

LON:BHP opened at GBX 2,060 ($26.07) on Tuesday. BHP Group has a 12-month low of GBX 1,941.10 ($24.56) and a 12-month high of GBX 2,707.50 ($34.26). The company has a quick ratio of 1.37, a current ratio of 1.70 and a debt-to-equity ratio of 45.26. The firm has a market capitalization of £104.44 billion, a P/E ratio of 1,731.09, a P/E/G ratio of -0.78 and a beta of 0.84. The stock’s fifty day simple moving average is GBX 2,141.01 and its 200-day simple moving average is GBX 2,193.52.

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.