BHP Group’s (BHP) “Hold” Rating Reaffirmed at Jefferies Financial Group

Jefferies Financial Group reaffirmed their hold rating on shares of BHP Group (LON:BHP) in a research note released on Monday morning,Digital Look reports. Jefferies Financial Group currently has a GBX 3,350 target price on the stock.

Other research analysts have also issued reports about the stock. Citigroup raised their target price on shares of BHP Group from £290 to £350 and gave the stock a “neutral” rating in a research note on Monday, June 8th. Berenberg Bank restated a “hold” rating and issued a GBX 2,500 price target on shares of BHP Group in a research report on Thursday, April 23rd. Finally, JPMorgan Chase & Co. raised BHP Group to a “neutral” rating and increased their price target for the company from GBX 2,600 to GBX 3,400 in a report on Tuesday, May 26th. Five research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of GBX 9,230.

BHP Group Stock Performance

BHP opened at GBX 3,051.87 on Monday. BHP Group has a twelve month low of GBX 1,769.23 and a twelve month high of GBX 3,495. The firm has a market capitalization of £155.06 billion, a PE ratio of 15.16, a PEG ratio of -0.78 and a beta of 0.83. The company has a current ratio of 1.65, a quick ratio of 1.37 and a debt-to-equity ratio of 62.55. The firm’s 50-day moving average price is GBX 3,162.53 and its 200 day moving average price is GBX 2,802.78.

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. 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.