BHP Group (NYSE:BHP) Given New $53.00 Price Target at Jefferies Financial Group

BHP Group (NYSE:BHP - Free Report) had its price objective decreased by Jefferies Financial Group from $57.00 to $53.00 in a research note published on Monday,Benzinga reports. Jefferies Financial Group currently has a hold rating on the mining company's stock.

BHP has been the subject of several other research reports. Argus raised BHP Group to a "strong-buy" rating in a research note on Thursday, September 19th. StockNews.com upgraded shares of BHP Group from a "buy" rating to a "strong-buy" rating in a report on Tuesday, November 26th. Finally, Sanford C. Bernstein upgraded shares of BHP Group from a "market perform" rating to an "outperform" rating in a research report on Monday, September 16th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, BHP Group currently has an average rating of "Moderate Buy" and an average target price of $53.00.

BHP Group Trading Down 0.7 %

NYSE BHP traded down $0.32 on Monday, hitting $48.49. The company's stock had a trading volume of 2,503,936 shares, compared to its average volume of 2,787,742. The company's 50-day moving average is $52.14 and its 200 day moving average is $54.69. The firm has a market cap of $122.96 billion, a PE ratio of 10.50 and a beta of 0.95. BHP Group has a 1-year low of $48.43 and a 1-year high of $66.13. The company has a quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.38.

Institutional Investors Weigh In On BHP Group

Hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp boosted its stake in BHP Group by 2.3% during the second quarter. Bank of New York Mellon Corp now owns 131,296 shares of the mining company's stock worth $7,496,000 after acquiring an additional 3,005 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in BHP Group during the second quarter worth $47,000. National Bank of Canada FI raised its holdings in BHP Group by 3.8% during the second quarter. National Bank of Canada FI now owns 123,871 shares of the mining company's stock worth $7,135,000 after buying an additional 4,547 shares during the last quarter. Cullen Frost Bankers Inc. lifted its stake in shares of BHP Group by 13.3% in the second quarter. Cullen Frost Bankers Inc. now owns 3,810 shares of the mining company's stock valued at $218,000 after buying an additional 446 shares in the last quarter. Finally, Asset Dedication LLC lifted its position in BHP Group by 7,516.7% in the 2nd quarter. Asset Dedication LLC now owns 457 shares of the mining company's stock valued at $26,000 after acquiring an additional 451 shares in the last quarter. 3.79% of the stock is currently owned by institutional investors.

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.