Analysts Set BHP Group PLC (NYSE:BBL) Target Price at $31.00

BHP Group PLC (NYSE:BBL) has been given an average rating of “Hold” by the eleven brokerages that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $31.00.

BBL has been the topic of several recent research reports. Citigroup raised shares of BHP Group from a “neutral” rating to a “buy” rating in a research note on Monday, March 16th. Cfra cut their target price on shares of BHP Group from $35.00 to $12.00 and set a “hold” rating on the stock in a research note on Wednesday, April 22nd. Zacks Investment Research raised shares of BHP Group from a “hold” rating to a “strong-buy” rating and set a $50.00 target price on the stock in a research note on Thursday, June 11th. Morgan Stanley reaffirmed an “equal weight” rating on shares of BHP Group in a research note on Monday, March 9th. Finally, JPMorgan Chase & Co. raised shares of BHP Group from a “neutral” rating to an “overweight” rating in a research note on Friday, March 20th.

A number of large investors have recently modified their holdings of BBL. Sei Investments Co. lifted its stake in shares of BHP Group by 8.8% in the 4th quarter. Sei Investments Co. now owns 62,151 shares of the mining company’s stock worth $2,922,000 after acquiring an additional 5,010 shares during the period. FMR LLC lifted its stake in shares of BHP Group by 368.4% in the 4th quarter. FMR LLC now owns 8,788 shares of the mining company’s stock worth $413,000 after acquiring an additional 6,912 shares during the period. Natixis Advisors L.P. lifted its stake in shares of BHP Group by 4.6% in the 4th quarter. Natixis Advisors L.P. now owns 23,946 shares of the mining company’s stock worth $1,126,000 after acquiring an additional 1,061 shares during the period. Quantbot Technologies LP acquired a new stake in shares of BHP Group in the 4th quarter worth $162,000. Finally, Bank of Montreal Can lifted its stake in shares of BHP Group by 24.6% in the 4th quarter. Bank of Montreal Can now owns 22,498 shares of the mining company’s stock worth $1,058,000 after acquiring an additional 4,449 shares during the period. Hedge funds and other institutional investors own 4.56% of the company’s stock.

Shares of BBL stock traded up $0.25 during trading hours on Friday, hitting $40.86. The company had a trading volume of 148,655 shares, compared to its average volume of 1,605,353. The company’s fifty day moving average is $39.21 and its 200 day moving average is $38.99. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.62 and a quick ratio of 1.33. BHP Group has a fifty-two week low of $23.64 and a fifty-two week high of $51.87. The stock has a market capitalization of $42.88 billion, a PE ratio of 11.04, a price-to-earnings-growth ratio of 2.65 and a beta of 1.04.

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 (NYSE:BBL)

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