BHP Group (LON:BHP) Given “Hold” Rating at Berenberg Bank

Berenberg Bank restated their hold rating on shares of BHP Group (LON:BHP) in a research note issued to investors on Tuesday, MarketBeat reports. Berenberg Bank currently has a GBX 1,900 ($23.97) price target on the stock.

Separately, JPMorgan Chase & Co. reissued a “neutral” rating on shares of BHP Group in a report on Tuesday. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of GBX 2,685.71 ($33.88).

BHP Group Stock Performance

BHP stock traded down GBX 31 ($0.39) during mid-day trading on Tuesday, hitting GBX 2,034 ($25.66). 1,260,721 shares of the company were exchanged, compared to its average volume of 1,950,686. BHP Group has a 1-year low of GBX 1,927.50 ($24.32) and a 1-year high of GBX 2,613.72 ($32.97). The stock has a market capitalization of £129.84 billion, a PE ratio of 16.46, a price-to-earnings-growth ratio of -0.78 and a beta of 0.84. The business has a 50 day simple moving average of GBX 2,007.49 and a 200-day simple moving average of GBX 2,078.28. The company has a current ratio of 1.70, a quick ratio of 1.37 and a debt-to-equity ratio of 45.03.

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.