BHP Group (NYSE:BHP) Given New $53.00 Price Target at Jefferies Financial Group

BHP Group (NYSE:BHP) had its price target lowered by Jefferies Financial Group from $57.00 to $53.00 in a research note released on Monday,Benzinga reports. The firm currently has a hold rating on the mining company’s stock.

A number of other equities analysts also recently commented on the stock. StockNews.com upgraded shares of BHP Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 26th. Sanford C. Bernstein upgraded shares of BHP Group from a “market perform” rating to an “outperform” rating in a report on Monday, September 16th. Finally, Argus upgraded BHP Group to a “strong-buy” rating in a research note on Thursday, September 19th. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $53.00.

BHP Group Trading Down 0.7 %

BHP opened at $48.49 on Monday. The stock’s 50 day moving average price is $52.14 and its 200-day moving average price is $54.69. The stock has a market cap of $122.96 billion, a price-to-earnings ratio of 10.50 and a beta of 0.95. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70. BHP Group has a one year low of $48.43 and a one year high of $66.13.

Institutional Trading of BHP Group

Hedge funds have recently modified their holdings of the stock. Barclays PLC grew its stake in shares of BHP Group by 93.7% during the 3rd quarter. Barclays PLC now owns 226,083 shares of the mining company’s stock worth $14,042,000 after purchasing an additional 109,337 shares during the period. FMR LLC grew its position in BHP Group by 10.0% during the third quarter. FMR LLC now owns 1,434,417 shares of the mining company’s stock valued at $89,092,000 after buying an additional 129,908 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in BHP Group by 17.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 153,170 shares of the mining company’s stock valued at $9,513,000 after buying an additional 22,677 shares in the last quarter. XY Capital Ltd raised its position in shares of BHP Group by 503.6% in the third quarter. XY Capital Ltd now owns 921,666 shares of the mining company’s stock worth $57,245,000 after acquiring an additional 768,972 shares during the period. Finally, Ausbil Investment Management Ltd purchased a new stake in shares of BHP Group during the 3rd quarter worth about $2,360,000. Hedge funds and other institutional investors own 3.79% of the company’s stock.

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.