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 note released on Friday morning, Marketbeat reports. Berenberg Bank currently has a GBX 2,100 ($25.94) target price on the stock.

BHP has been the topic of a number of other reports. Barclays decreased their price objective on BHP Group from GBX 2,610 ($32.24) to GBX 2,520 ($31.13) and set an equal weight rating on the stock in a report on Thursday, February 29th. Citigroup reissued an equal weight rating and set a GBX 2,610 ($32.24) price objective on shares of BHP Group in a report on Tuesday, February 20th. JPMorgan Chase & Co. reissued a neutral rating on shares of BHP Group in a report on Tuesday, April 9th. Royal Bank of Canada reissued a sector perform rating on shares of BHP Group in a report on Wednesday, February 21st. Finally, Jefferies Financial Group reissued a buy rating and set a GBX 2,700 ($33.35) price objective on shares of BHP Group in a report on Thursday, April 18th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of Hold and a consensus price target of GBX 2,367.50 ($29.24).

BHP Group Stock Performance

Shares of LON BHP opened at GBX 2,250 ($27.79) on Friday. The stock has a market cap of £113.85 billion, a price-to-earnings ratio of 1,939.66, a P/E/G ratio of -0.78 and a beta of 0.86. The company has a current ratio of 1.57, a quick ratio of 1.37 and a debt-to-equity ratio of 52.52. BHP Group has a 1-year low of GBX 2,157 ($26.64) and a 1-year high of GBX 2,707.50 ($33.44). The stock’s 50-day moving average is GBX 2,289.87 and its 200 day moving average is GBX 2,392.68.

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 (DPR) 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.