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

BHP Group Limited (LON:BHP) has earned a consensus rating of “Hold” from the seven brokerages that are currently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is GBX 2,700 ($33.55).

Several equities research analysts have weighed in on BHP shares. Deutsche Bank Aktiengesellschaft cut their target price on BHP Group from GBX 2,250 ($27.96) to GBX 2,100 ($26.10) and set a “hold” rating for the company in a research note on Monday, September 9th. JPMorgan Chase & Co. boosted their target price on shares of BHP Group from GBX 2,490 ($30.94) to GBX 2,580 ($32.06) and gave the stock a “neutral” rating in a research note on Friday, December 6th. Finally, Berenberg Bank reiterated a “hold” rating and issued a GBX 2,000 ($24.85) price target on shares of BHP Group in a research note on Tuesday, November 19th.

BHP Group Stock Performance

BHP opened at GBX 1,970.39 ($24.49) on Monday. The firm has a market cap of £99.90 billion, a P/E ratio of 1,655.79, a price-to-earnings-growth ratio of -0.78 and a beta of 0.84. The business’s fifty day moving average is GBX 2,066.44 and its 200-day moving average is GBX 2,132.49. BHP Group has a 52-week low of GBX 1,934.50 ($24.04) and a 52-week high of GBX 2,655 ($32.99). The company has a debt-to-equity ratio of 45.26, a quick ratio of 1.37 and a current ratio of 1.70.

BHP Group Company Profile

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.