Berenberg Bank Reiterates Hold Rating for BHP Group (LON:BHP)

BHP Group (LON:BHP - Get Free Report)'s stock had its "hold" rating reiterated by equities research analysts at Berenberg Bank in a note issued to investors on Tuesday, Marketbeat.com reports. They currently have a GBX 2,000 ($25.38) target price on the stock. Berenberg Bank's target price suggests a potential downside of 3.05% from the stock's previous close.

Separately, Deutsche Bank Aktiengesellschaft reduced their price target on BHP Group from GBX 2,250 ($28.55) to GBX 2,100 ($26.65) and set a "hold" rating for the company in a research report on Monday, September 9th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of GBX 2,710 ($34.39).

BHP Group Stock Up 0.1 %

LON BHP traded up GBX 2 ($0.03) during trading hours on Tuesday, reaching GBX 2,063 ($26.18). 914,310 shares of the company's stock were exchanged, compared to its average volume of 2,245,270. The company's 50-day moving average is GBX 2,141.07 and its two-hundred day moving average is GBX 2,195.52. BHP Group has a one year low of GBX 1,941.10 ($24.63) and a one year high of GBX 2,707.50 ($34.36). The company has a debt-to-equity ratio of 45.26, a quick ratio of 1.37 and a current ratio of 1.70. The company has a market capitalization of £104.59 billion, a price-to-earnings ratio of 1,733.61, a price-to-earnings-growth ratio of -0.78 and a beta of 0.84.

About BHP Group

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.