BHP Group (LON:BHP) Earns "Hold" Rating from Berenberg Bank

BHP Group (LON:BHP - Get Free Report)'s stock had its "hold" rating restated by Berenberg Bank in a research report issued to clients and investors on Tuesday, MarketBeat reports. They currently have a GBX 1,900 ($24.08) target price on the stock. Berenberg Bank's price objective would suggest a potential downside of 7.72% from the company's previous close.

Separately, JPMorgan Chase & Co. reiterated a "neutral" rating on shares of BHP Group in a report on Tuesday. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, BHP Group currently has an average rating of "Hold" and a consensus target price of GBX 2,685.71 ($34.03).

BHP Group Price Performance

Shares of BHP traded up GBX 1 ($0.01) during trading hours on Tuesday, reaching GBX 2,059 ($26.09). The company had a trading volume of 1,071,216 shares, compared to its average volume of 1,911,527. The firm has a 50 day simple moving average of GBX 2,005.71 and a 200-day simple moving average of GBX 2,077.38. The company has a current ratio of 1.70, a quick ratio of 1.37 and a debt-to-equity ratio of 45.03. The company has a market capitalization of £131.43 billion, a price-to-earnings ratio of 16.67, a PEG ratio of -0.78 and a beta of 0.84. BHP Group has a 12-month low of GBX 1,927.50 ($24.42) and a 12-month high of GBX 2,613.72 ($33.12).

About BHP Group

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.