BHP Group (LON:BHP) Given Hold Rating at Berenberg Bank

Berenberg Bank reiterated their hold rating on shares of BHP Group (LON:BHP) in a research note published on Thursday morning, MarketBeat reports. Berenberg Bank currently has a GBX 1,900 ($23.47) target price on the stock.

Separately, JPMorgan Chase & Co. increased their target price on shares of BHP Group from GBX 2,490 ($30.76) to GBX 2,580 ($31.87) and gave the stock a “neutral” rating in a research report on Friday, December 6th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of GBX 2,685.71 ($33.17).

BHP Group Stock Performance

Shares of BHP opened at GBX 2,042 ($25.22) on Thursday. The firm has a market cap of £103.53 billion, a price-to-earnings ratio of 1,715.97, a price-to-earnings-growth ratio of -0.78 and a beta of 0.84. The company’s fifty day moving average is GBX 2,024.30 and its 200-day moving average is GBX 2,110.58. 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 1,927.50 ($23.81) and a 12 month high of GBX 2,613.72 ($32.28).

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.