Credit Suisse Group Lowers BHP Group (LON:BHP) Price Target to GBX 1,850

BHP Group (LON:BHP) had its price target decreased by Credit Suisse Group from GBX 1,930 ($25.22) to GBX 1,850 ($24.17) in a research report report published on Tuesday, ThisIsMoney.Co.Uk reports. Credit Suisse Group currently has a neutral rating on the stock.

A number of other research firms have also recently commented on BHP. Goldman Sachs Group decreased their price target on BHP Group from GBX 2,100 ($27.44) to GBX 1,900 ($24.83) and set a neutral rating on the stock in a report on Tuesday. Bank of America reissued an underperform rating on shares of BHP Group in a report on Tuesday. Barclays decreased their price target on BHP Group from GBX 2,150 ($28.09) to GBX 2,075 ($27.11) and set an overweight rating on the stock in a report on Tuesday. Liberum Capital cut BHP Group to a sell rating in a report on Tuesday. Finally, JPMorgan Chase & Co. decreased their price target on BHP Group from GBX 1,980 ($25.87) to GBX 1,940 ($25.35) and set a neutral rating on the stock in a report on Thursday, August 22nd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of GBX 1,796.07 ($23.47).

Shares of BHP Group stock opened at GBX 1,642.60 ($21.46) on Tuesday. BHP Group has a one year low of GBX 18.17 ($0.24) and a one year high of GBX 2,078.50 ($27.16). The stock’s fifty day moving average is GBX 1,721.51 and its 200 day moving average is GBX 1,832.61. The stock has a market cap of $34.69 billion and a P/E ratio of 10.27. The company has a debt-to-equity ratio of 49.76, a quick ratio of 1.56 and a current ratio of 1.89.

The company also recently disclosed a dividend, which was paid on Wednesday, September 25th. Stockholders of record on Thursday, September 5th were given a dividend of $0.78 per share. This is a positive change from BHP Group’s previous dividend of $0.55. The ex-dividend date of this dividend was Thursday, September 5th. This represents a dividend yield of 3.61%. BHP Group’s dividend payout ratio (DPR) is presently 0.44%.

In other news, insider Susan Kilsby acquired 2,900 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was purchased at an average price of GBX 1,713 ($22.38) per share, for a total transaction of £49,677 ($64,911.80).

BHP Group Company Profile

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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