BHP Group (LON:BHP) Price Target Lowered to GBX 2,000 at Berenberg Bank

BHP Group (LON:BHP) had its price objective decreased by analysts at Berenberg Bank from GBX 2,100 ($26.90) to GBX 2,000 ($25.62) in a report issued on Thursday, Marketbeat reports. The brokerage currently has a “hold” rating on the stock. Berenberg Bank’s target price would indicate a potential downside of 12.59% from the stock’s previous close.

BHP has been the topic of several other reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 2,700 ($34.58) price target on shares of BHP Group in a report on Thursday, April 18th. Citigroup reaffirmed a “buy” rating on shares of BHP Group in a report on Monday, June 17th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of BHP Group in a report on Tuesday, April 9th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of GBX 2,353.75 ($30.15).

BHP Group Price Performance

LON BHP opened at GBX 2,288 ($29.31) on Thursday. The company has a debt-to-equity ratio of 52.52, a current ratio of 1.57 and a quick ratio of 1.37. The stock’s fifty day moving average price is GBX 2,292.30 and its 200 day moving average price is GBX 2,338.48. BHP Group has a 1 year low of GBX 2,157 ($27.63) and a 1 year high of GBX 2,707.50 ($34.68). The company has a market cap of £116.00 billion, a price-to-earnings ratio of 2,007.02, a PEG ratio of -0.78 and a beta of 0.86.

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.