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

BHP Group (LON:BHP)‘s stock had its “hold” rating reiterated by stock analysts at Berenberg Bank in a report issued on Thursday, MarketBeat.com reports. They presently have a GBX 1,900 ($23.72) target price on the stock. Berenberg Bank’s price objective suggests a potential downside of 5.09% from the stock’s previous close.

Separately, JPMorgan Chase & Co. boosted their price objective on shares of BHP Group from GBX 2,490 ($31.09) to GBX 2,580 ($32.21) and gave the stock a “neutral” rating in a research report on Friday, December 6th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of GBX 2,685.71 ($33.53).

BHP Group Price Performance

BHP stock opened at GBX 2,002 ($25.00) on Thursday. The business has a 50 day moving average price of GBX 2,022.27 and a 200 day moving average price of GBX 2,109.74. 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 stock has a market cap of £101.50 billion, a price-to-earnings ratio of 1,682.35, a PEG ratio of -0.78 and a beta of 0.84. BHP Group has a fifty-two week low of GBX 1,927.50 ($24.07) and a fifty-two week high of GBX 2,613.72 ($32.63).

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.