BHP Group Limited (LON:BHP) Given Average Recommendation of “Hold” by Brokerages

BHP Group Limited (LON:BHP) has been assigned an average recommendation of “Hold” from the six research firms that are currently covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation. The average 12-month price target among analysts that have issued ratings on the stock in the last year is GBX 3,116.67.

A number of equities analysts have recently commented on BHP shares. Berenberg Bank reiterated a “hold” rating and set a GBX 3,400 price target on shares of BHP Group in a report on Wednesday, August 19th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 3,350 price target on shares of BHP Group in a research report on Tuesday, August 18th. Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 2,900 price target on shares of BHP Group in a research note on Monday, August 17th. JPMorgan Chase & Co. lowered their price objective on BHP Group from GBX 3,400 to GBX 3,000 and set a “neutral” rating for the company in a research report on Friday, July 10th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 2,700 price objective on shares of BHP Group in a research note on Wednesday, August 19th.

BHP Group Price Performance

Shares of LON:BHP opened at GBX 3,245 on Friday. The company has a fifty day moving average of GBX 3,272.98 and a 200-day moving average of GBX 3,088.09. The company has a market capitalization of £164.94 billion, a PE ratio of 16.80, a price-to-earnings-growth ratio of -0.78 and a beta of 0.84. The company has a debt-to-equity ratio of 53.26, a quick ratio of 1.37 and a current ratio of 1.88. BHP Group has a 52-week low of GBX 1,918 and a 52-week high of GBX 3,589.

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.