BHP Group Limited (LON:BHP – Get Free Report) has received a consensus rating of “Hold” from the seven brokerages that are currently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is GBX 2,367.50 ($29.74).
A number of brokerages have commented on BHP. Citigroup restated an “equal weight” rating and issued a GBX 2,610 ($32.78) price target on shares of BHP Group in a research report on Tuesday, February 20th. Barclays decreased their target price on shares of BHP Group from GBX 2,610 ($32.78) to GBX 2,520 ($31.65) and set an “equal weight” rating on the stock in a research note on Thursday, February 29th. Royal Bank of Canada reiterated a “sector perform” rating on shares of BHP Group in a research report on Wednesday, February 21st. Berenberg Bank reiterated a “hold” rating and set a GBX 2,100 ($26.38) price objective on shares of BHP Group in a research report on Friday, April 26th. Finally, JPMorgan Chase & Co. restated a “neutral” rating on shares of BHP Group in a research report on Tuesday, April 9th.
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BHP Group Price Performance
BHP Group Cuts Dividend
The business also recently disclosed a dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 7th were paid a dividend of $0.72 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a yield of 2.41%. BHP Group’s payout ratio is currently 10,344.83%.
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.
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