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

BHP Group (LON:BHP)‘s stock had its “hold” rating restated by investment analysts at Berenberg Bank in a research note issued to investors on Tuesday, Marketbeat.com reports. They currently have a GBX 1,900 ($23.91) target price on the stock. Berenberg Bank’s target price points to a potential downside of 6.54% from the company’s previous close.

Separately, JPMorgan Chase & Co. restated a “neutral” rating on shares of BHP Group in a report on Tuesday. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, BHP Group currently has a consensus rating of “Hold” and a consensus target price of GBX 2,685.71 ($33.80).

BHP Group Stock Performance

BHP stock opened at GBX 2,033 ($25.58) on Tuesday. The company has a debt-to-equity ratio of 45.03, a quick ratio of 1.37 and a current ratio of 1.70. The stock has a market cap of £129.77 billion, a P/E ratio of 16.45, a P/E/G ratio of -0.78 and a beta of 0.84. The firm has a 50 day simple moving average of GBX 2,006.29 and a 200 day simple moving average of GBX 2,077.46. BHP Group has a 52 week low of GBX 1,927.50 ($24.25) and a 52 week high of GBX 2,613.72 ($32.89).

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.