BHP Group Limited (LON:BHP) Given Consensus Recommendation of “Hold” by Brokerages

BHP Group Limited (LON:BHP) has received an average rating of “Hold” from the seven brokerages that are covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is GBX 2,700 ($33.55).

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. upped their target price on shares of BHP Group from GBX 2,490 ($30.94) to GBX 2,580 ($32.06) and gave the company a “neutral” rating in a research note on Friday, December 6th. Berenberg Bank restated a “hold” rating and issued a GBX 2,000 ($24.85) target price on shares of BHP Group in a research note on Tuesday, November 19th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of BHP Group from GBX 2,250 ($27.96) to GBX 2,100 ($26.10) and set a “hold” rating for the company in a research note on Monday, September 9th.

BHP Group Trading Down 0.9 %

LON:BHP opened at GBX 1,970.39 ($24.49) on Monday. The company has a current ratio of 1.70, a quick ratio of 1.37 and a debt-to-equity ratio of 45.26. BHP Group has a 1-year low of GBX 1,934.50 ($24.04) and a 1-year high of GBX 2,655 ($32.99). The firm has a market capitalization of £99.90 billion, a price-to-earnings ratio of 1,655.79, a PEG ratio of -0.78 and a beta of 0.84. The business’s 50-day moving average price is GBX 2,066.44 and its two-hundred day moving average price is GBX 2,132.49.

About BHP Group

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.