Analysts Set BHP Group Limited (LON:BHP) Target Price at GBX 2,710

BHP Group Limited (LON:BHP - Get Free Report) has been assigned an average rating of "Hold" from the seven research firms that are currently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is GBX 2,710 ($34.15).

A number of equities analysts have weighed in on BHP shares. Deutsche Bank Aktiengesellschaft dropped their target price on shares of BHP Group from GBX 2,250 ($28.36) to GBX 2,100 ($26.47) and set a "hold" rating for the company in a research note on Monday, September 9th. Berenberg Bank reaffirmed a "hold" rating and set a GBX 2,000 ($25.20) price objective on shares of BHP Group in a report on Wednesday, August 28th.

BHP Group Stock Performance

BHP Group stock opened at GBX 2,054 ($25.89) on Friday. The stock has a 50-day simple moving average of GBX 2,141.47 and a 200 day simple moving average of GBX 2,196.44. The stock has a market capitalization of £104.14 billion, a price-to-earnings ratio of 1,726.05, a P/E/G ratio of -0.78 and a beta of 0.84. The company has a quick ratio of 1.37, a current ratio of 1.70 and a debt-to-equity ratio of 45.26. BHP Group has a 12-month low of GBX 1,941.10 ($24.46) and a 12-month high of GBX 2,707.50 ($34.12).

BHP Group Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th were issued a dividend of $0.74 per share. This represents a yield of 2.7%. The ex-dividend date was Thursday, September 12th. This is a positive change from BHP Group's previous dividend of $0.72. BHP Group's payout ratio is currently 9,495.80%.

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.