BHP Group Limited (LON:BHP) Receives Average Recommendation of “Hold” from Analysts

BHP Group Limited (LON:BHP) has received an average recommendation of “Hold” from the seven analysts that are covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is GBX 2,710 ($35.14).

A number of analysts recently commented on BHP shares. Deutsche Bank Aktiengesellschaft dropped their price objective on BHP Group from GBX 2,250 ($29.18) to GBX 2,100 ($27.23) and set a “hold” rating for the company in a research report on Monday, September 9th. Royal Bank of Canada lifted their price target on BHP Group from GBX 4,400 ($57.06) to GBX 4,500 ($58.36) and gave the company a “sector perform” rating in a report on Thursday, July 18th. Citigroup restated a “buy” rating and issued a GBX 2,500 ($32.42) price target on shares of BHP Group in a report on Thursday, July 18th. Berenberg Bank restated a “hold” rating and issued a GBX 2,000 ($25.94) price target on shares of BHP Group in a report on Wednesday, August 28th. Finally, JPMorgan Chase & Co. lowered their price target on BHP Group from GBX 2,720 ($35.27) to GBX 2,650 ($34.37) and set a “neutral” rating for the company in a report on Thursday, July 18th.

BHP Group Trading Up 0.9 %

BHP Group stock opened at GBX 2,210 ($28.66) on Wednesday. The stock has a market cap of £112.05 billion, a PE ratio of 1,857.14, a P/E/G ratio of -0.78 and a beta of 0.84. The stock has a 50-day moving average price of GBX 2,129.99 and a 200 day moving average price of GBX 2,215.86. BHP Group has a 52 week low of GBX 1,941.10 ($25.17) and a 52 week high of GBX 2,707.50 ($35.11). The company has a current ratio of 1.70, a quick ratio of 1.37 and a debt-to-equity ratio of 45.26.

BHP Group Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th were paid a $0.74 dividend. This is a positive change from BHP Group’s previous dividend of $0.72. This represents a dividend yield of 2.7%. The ex-dividend date was Thursday, September 12th. BHP Group’s payout ratio is currently 9,495.80%.

About BHP Group

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, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.