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, Briefing.com 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.
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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