BHP Group’s (BHP) “Sell” Rating Reiterated at Berenberg Bank

Berenberg Bank reaffirmed their sell rating on shares of BHP Group (LON:BHP) in a research report report published on Tuesday morning, MarketBeat.com reports. The brokerage currently has a GBX 2,000 price objective on the stock.

Separately, JPMorgan Chase & Co. raised their price objective on shares of BHP Group from GBX 2,300 to GBX 2,400 and gave the stock a “neutral” rating in a research report on Wednesday. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of GBX 2,100.

BHP Group Stock Performance

Shares of BHP stock opened at GBX 2,414 on Tuesday. BHP Group has a one year low of GBX 1,559.50 and a one year high of GBX 2,482. The business’s 50 day simple moving average is GBX 2,232.49 and its 200 day simple moving average is GBX 2,093.49. The stock has a market capitalization of £122.59 billion, a PE ratio of 13.61, a PEG ratio of -0.78 and a beta of 0.84. The company has a debt-to-equity ratio of 45.03, a current ratio of 1.70 and a quick ratio of 1.37.

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. We aim to do this through owning a portfolio of world class assets with exposure to highly attractive commodities that benefit from the mega-trends playing out in the world around us, by operating them exceptionally well, by maintaining a disciplined approach to capital allocation and through being industry leaders in sustainability and the creation of social value.

We are a global business with over 9,000 suppliers around the world, many of which are small to medium-sized businesses that are local to our assets.