BHP Group (LON:BHP) Receives Hold Rating from Jefferies Financial Group

BHP Group (LON:BHP)‘s stock had its “hold” rating reaffirmed by investment analysts at Jefferies Financial Group in a research note issued on Tuesday,Digital Look reports. They presently have a GBX 3,350 price target on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 2.86% from the stock’s current price.

BHP has been the topic of several other reports. Citigroup increased their price target on shares of BHP Group from £290 to £350 and gave the company a “neutral” rating in a research report on Monday, June 8th. JPMorgan Chase & Co. reduced their target price on BHP Group from GBX 3,400 to GBX 3,000 and set a “neutral” rating on the stock in a research note on Friday, July 10th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 2,500 target price on shares of BHP Group in a research note on Thursday, April 23rd. Finally, Royal Bank Of Canada reiterated a “sector perform” rating on shares of BHP Group in a report on Friday, July 17th. Five research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, BHP Group presently has a consensus rating of “Hold” and a consensus target price of GBX 9,350.

BHP Group Trading Up 0.4%

Shares of BHP stock opened at GBX 3,257 on Tuesday. The stock has a market cap of £165.48 billion, a P/E ratio of 16.18, a P/E/G ratio of -0.78 and a beta of 0.84. The company has a quick ratio of 1.37, a current ratio of 1.65 and a debt-to-equity ratio of 62.55. BHP Group has a fifty-two week low of GBX 1,918 and a fifty-two week high of GBX 3,495. The business has a fifty day simple moving average of GBX 3,168.30 and a 200-day simple moving average of GBX 2,980.64.

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. We aim to do this through owning a portfolio of world class assets with exposure to highly attractive commodities that benefit from the mega-trends playing out in the world around us, by operating them exceptionally well, by maintaining a disciplined approach to capital allocation and through being industry leaders in sustainability and the creation of social value.

We are a global business with over 9,000 suppliers around the world, many of which are small to medium-sized businesses that are local to our assets.