BHP Group (LON:BHP) Stock Rating Reaffirmed by Jefferies Financial Group

BHP Group (LON:BHP)‘s stock had its “buy” rating reaffirmed by research analysts at Jefferies Financial Group in a research note issued to investors on Thursday, MarketBeat Ratings reports. They presently have a GBX 2,700 ($33.61) price target on the stock. Jefferies Financial Group’s price objective points to a potential upside of 15.38% from the stock’s current price.

A number of other equities analysts have also recently weighed in on the stock. Berenberg Bank reduced their price target on shares of BHP Group from GBX 2,200 ($27.39) to GBX 2,100 ($26.14) and set a “hold” rating on the stock in a research report on Tuesday, March 26th. Barclays reduced their target price on BHP Group from GBX 2,610 ($32.49) to GBX 2,520 ($31.37) and set an “equal weight” rating on the stock in a report on Thursday, February 29th. Citigroup restated an “equal weight” rating and issued a GBX 2,610 ($32.49) price target on shares of BHP Group in a report on Tuesday, February 20th. Royal Bank of Canada reiterated a “sector perform” rating on shares of BHP Group in a report on Wednesday, February 21st. Finally, JPMorgan Chase & Co. reissued a “neutral” rating on shares of BHP Group in a research note on Tuesday, April 9th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of GBX 2,367.50 ($29.47).

BHP Group Stock Performance

Shares of LON:BHP opened at GBX 2,340 ($29.13) on Thursday. The firm’s 50 day simple moving average is GBX 2,295.01 and its 200 day simple moving average is GBX 2,391.30. BHP Group has a fifty-two week low of GBX 2,157 ($26.85) and a fifty-two week high of GBX 2,707.50 ($33.70). The company has a market capitalization of £118.40 billion, a price-to-earnings ratio of 2,017.24, a P/E/G ratio of -0.78 and a beta of 0.86. The company has a debt-to-equity ratio of 52.52, a current ratio of 1.57 and a quick ratio of 1.37.

BHP Group Company Profile

BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally. The company operates through Copper, Iron Ore, and Coal segments. It engages in the mining of copper, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.