BHP Group’s (BHP) “Hold” Rating Reaffirmed at Berenberg Bank

Berenberg Bank reaffirmed their hold rating on shares of BHP Group (LON:BHP) in a research report report published on Thursday morning, Marketbeat.com reports. Berenberg Bank currently has a GBX 1,900 ($23.47) price target on the stock.

Separately, JPMorgan Chase & Co. increased their target price on BHP Group from GBX 2,490 ($30.76) to GBX 2,580 ($31.87) and gave the company a “neutral” rating in a report on Friday, December 6th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, BHP Group has a consensus rating of “Hold” and a consensus target price of GBX 2,685.71 ($33.17).

BHP Group Stock Up 2.6 %

BHP stock opened at GBX 2,042 ($25.22) on Thursday. The company’s 50 day simple moving average is GBX 2,024.30 and its 200-day simple moving average is GBX 2,110.58. BHP Group has a 52-week low of GBX 1,927.50 ($23.81) and a 52-week high of GBX 2,613.72 ($32.28). The company has a debt-to-equity ratio of 45.26, a current ratio of 1.70 and a quick ratio of 1.37. The firm has a market capitalization of £103.53 billion, a P/E ratio of 1,715.97, a P/E/G ratio of -0.78 and a beta of 0.84.

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.