Jefferies Financial Group Issues Pessimistic Forecast for BHP Group (NYSE:BHP) Stock Price

BHP Group (NYSE:BHP) had its price target dropped by analysts at Jefferies Financial Group from $57.00 to $53.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a “hold” rating on the mining company’s stock. Jefferies Financial Group’s price target points to a potential upside of 9.91% from the stock’s previous close.

Several other analysts also recently issued reports on the stock. StockNews.com raised shares of BHP Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 26th. Sanford C. Bernstein upgraded shares of BHP Group from a “market perform” rating to an “outperform” rating in a report on Monday, September 16th. Finally, Argus upgraded shares of BHP Group to a “strong-buy” rating in a report on Thursday, September 19th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, BHP Group has an average rating of “Moderate Buy” and an average target price of $53.00.

BHP Group Stock Down 0.6 %

Shares of NYSE:BHP opened at $48.22 on Monday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70. BHP Group has a 52-week low of $48.10 and a 52-week high of $66.13. The business’s 50 day simple moving average is $51.97 and its two-hundred day simple moving average is $54.63. The firm has a market cap of $122.27 billion, a P/E ratio of 10.44 and a beta of 0.95.

Institutional Trading of BHP Group

Several institutional investors have recently made changes to their positions in the company. Fisher Asset Management LLC boosted its holdings in BHP Group by 3.0% during the third quarter. Fisher Asset Management LLC now owns 21,944,876 shares of the mining company’s stock worth $1,362,996,000 after purchasing an additional 633,290 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of BHP Group by 13.0% in the third quarter. Wellington Management Group LLP now owns 5,603,624 shares of the mining company’s stock valued at $348,041,000 after acquiring an additional 642,765 shares in the last quarter. Bank of Montreal Can increased its position in shares of BHP Group by 532.2% during the second quarter. Bank of Montreal Can now owns 2,353,268 shares of the mining company’s stock valued at $134,442,000 after acquiring an additional 1,981,008 shares during the last quarter. FMR LLC lifted its holdings in BHP Group by 10.0% during the third quarter. FMR LLC now owns 1,434,417 shares of the mining company’s stock worth $89,092,000 after acquiring an additional 129,908 shares during the period. Finally, Westwood Global Investments LLC boosted its position in BHP Group by 4.4% in the second quarter. Westwood Global Investments LLC now owns 1,220,251 shares of the mining company’s stock worth $69,664,000 after purchasing an additional 51,263 shares during the last quarter. Institutional investors own 3.79% of the company’s stock.

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, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.