Shares of BHP Group Limited (LON:BHP – Get Free Report) have earned an average rating of “Hold” from the seven analysts that are currently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is GBX 2,710 ($35.19).
BHP has been the subject of a number of research reports. JPMorgan Chase & Co. decreased their price objective on BHP Group from GBX 2,720 ($35.32) to GBX 2,650 ($34.41) and set a “neutral” rating for the company in a report on Thursday, July 18th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 2,000 ($25.97) price target on shares of BHP Group in a research note on Wednesday, August 28th. Royal Bank of Canada boosted their price objective on shares of BHP Group from GBX 4,400 ($57.13) to GBX 4,500 ($58.43) and gave the stock a “sector perform” rating in a research report on Thursday, July 18th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of BHP Group from GBX 2,250 ($29.21) to GBX 2,100 ($27.27) and set a “hold” rating for the company in a research report on Monday, September 9th. Finally, Citigroup reissued a “buy” rating and set a GBX 2,500 ($32.46) price target on shares of BHP Group in a research report on Thursday, July 18th.
Check Out Our Latest Research Report on BHP
BHP Group Price Performance
BHP Group Increases Dividend
The company also recently announced a dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, September 12th were issued a dividend of $0.74 per share. This represents a yield of 2.7%. This is an increase from BHP Group’s previous dividend of $0.72. The ex-dividend date was Thursday, September 12th. BHP Group’s payout ratio is presently 9,495.80%.
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.
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