BHP Group’s (BHP) “Buy” Rating Reaffirmed at Jefferies Financial Group

BHP Group (LON:BHP)‘s stock had its “buy” rating reiterated by Jefferies Financial Group in a research note issued on Thursday, Digital Look reports. They presently have a GBX 2,700 ($33.61) price objective on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 15.78% from the company’s current price.

Several other analysts also recently issued reports on BHP. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of BHP Group in a report on Tuesday, April 9th. Citigroup reissued an “equal weight” rating and set a GBX 2,610 ($32.49) price objective on shares of BHP Group in a research note on Tuesday, February 20th. Royal Bank of Canada reissued a “sector perform” rating on shares of BHP Group in a research note on Wednesday, February 21st. Berenberg Bank reduced their price objective on shares of BHP Group from GBX 2,200 ($27.39) to GBX 2,100 ($26.14) and set a “hold” rating on the stock in a research note on Tuesday, March 26th. Finally, Barclays reduced their price objective on shares of BHP Group from GBX 2,610 ($32.49) to GBX 2,520 ($31.37) and set an “equal weight” rating on the stock in a research note on Thursday, February 29th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, BHP Group presently has an average rating of “Hold” and a consensus target price of GBX 2,367.50 ($29.47).

BHP Group Stock Performance

LON BHP traded down GBX 33 ($0.41) during trading on Thursday, reaching GBX 2,332 ($29.03). The company’s stock had a trading volume of 4,844,844 shares, compared to its average volume of 1,162,893. BHP Group has a twelve month low of GBX 2,157 ($26.85) and a twelve month high of GBX 2,707.50 ($33.70). The company has a debt-to-equity ratio of 52.52, a quick ratio of 1.37 and a current ratio of 1.57. The business’s fifty day moving average price is GBX 2,296.71 and its 200-day moving average price is GBX 2,391.55. The firm has a market cap of £118.00 billion, a price-to-earnings ratio of 2,008.62, a P/E/G ratio of -0.78 and a beta of 0.86.

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, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.