BHP Group’s (BHP) Outperform Rating Reiterated at Royal Bank of Canada

BHP Group (LON:BHP)‘s stock had its “outperform” rating reaffirmed by stock analysts at Royal Bank of Canada in a research note issued to investors on Tuesday, Automated Import reports.

A number of other equities analysts also recently issued reports on the company. Bank of America restated an “underperform” rating on shares of BHP Group in a research report on Tuesday. JPMorgan Chase & Co. lowered their price objective on BHP Group from GBX 1,980 ($25.87) to GBX 1,940 ($25.35) and set a “neutral” rating for the company in a research report on Thursday, August 22nd. Liberum Capital downgraded BHP Group to a “sell” rating and set a GBX 1,400 ($18.29) target price for the company. in a report on Thursday, August 22nd. UBS Group set a GBX 1,900 ($24.83) target price on BHP Group and gave the stock a “neutral” rating in a report on Thursday, August 29th. Finally, Goldman Sachs Group lowered their target price on BHP Group from GBX 2,100 ($27.44) to GBX 1,900 ($24.83) and set a “neutral” rating for the company in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of GBX 1,796.07 ($23.47).

Shares of BHP opened at GBX 1,636 ($21.38) on Tuesday. BHP Group has a 1 year low of GBX 18.17 ($0.24) and a 1 year high of GBX 2,078.50 ($27.16). The company has a debt-to-equity ratio of 49.76, a current ratio of 1.89 and a quick ratio of 1.56. The company has a market capitalization of $34.55 billion and a price-to-earnings ratio of 10.23. The business has a 50-day moving average of GBX 1,721.51 and a 200-day moving average of GBX 1,832.61.

In other news, insider Susan Kilsby acquired 2,900 shares of BHP Group stock in a transaction on Friday, August 23rd. The stock was purchased at an average price of GBX 1,713 ($22.38) per share, with a total value of £49,677 ($64,911.80).

About BHP Group

BHP Group discovers, acquires, develops, and markets natural resources worldwide. The company engages in the exploration, development, and production of oil and gas properties; and mining of copper, silver, lead, zinc, molybdenum, uranium, gold, and iron ores, as well as metallurgical and energy coal.

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Analyst Recommendations for BHP Group (LON:BHP)

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