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

Berenberg Bank reissued their hold rating on shares of BHP Group (LON:BHP) in a research report sent to investors on Thursday, MarketBeat reports. The brokerage currently has a GBX 2,100 ($26.14) price target on the stock.

Several other analysts have also recently issued reports on BHP. JPMorgan Chase & Co. reissued a neutral rating on shares of BHP Group in a research report on Tuesday, April 9th. Jefferies Financial Group restated a buy rating and set a GBX 2,700 ($33.61) target price on shares of BHP Group in a research note on Thursday. Barclays cut their target price 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. Royal Bank of Canada restated a sector perform rating on shares of BHP Group in a research note on Wednesday, February 21st. Finally, Citigroup restated an equal weight rating and set a GBX 2,610 ($32.49) target price on shares of BHP Group in a research note on Tuesday, February 20th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of GBX 2,367.50 ($29.47).

BHP Group Trading Up 0.6 %

LON BHP opened at GBX 2,340 ($29.13) on Thursday. The firm’s 50-day moving average is GBX 2,295.01 and its two-hundred day moving average is GBX 2,393. BHP Group has a 12 month low of GBX 2,157 ($26.85) and a 12 month high of GBX 2,707.50 ($33.70). The company has a debt-to-equity ratio of 52.52, a current ratio of 1.57 and a quick ratio of 1.37. The stock has a market capitalization of £118.40 billion, a P/E ratio of 2,017.24, a PEG ratio of -0.78 and a beta of 0.86.

BHP Group Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 7th were paid a $0.72 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a yield of 2.41%. BHP Group’s dividend payout ratio is currently 10,344.83%.

BHP Group Company Profile

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.