Barclays lowered shares of BHP Group (LON:BHP) to an equal weight rating in a research report released on Tuesday, Price Targets.com reports. They currently have GBX 2,000 ($26.13) price target on the stock, down from their previous price target of GBX 2,500 ($32.66).
Several other equities analysts have also issued reports on BHP. Berenberg Bank restated a buy rating and issued a GBX 2,700 ($35.28) target price on shares of BHP Group in a report on Wednesday, July 21st. JPMorgan Chase & Co. boosted their target price on shares of BHP Group from GBX 2,810 ($36.71) to GBX 2,850 ($37.24) and gave the company an overweight rating in a report on Wednesday, July 21st. Royal Bank of Canada dropped their target price on shares of BHP Group from GBX 2,500 ($32.66) to GBX 2,400 ($31.36) and set an outperform rating on the stock in a report on Tuesday, July 13th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of BHP Group from GBX 2,200 ($28.74) to GBX 2,400 ($31.36) and gave the company a hold rating in a report on Tuesday, June 29th. Finally, Credit Suisse Group reiterated a neutral rating on shares of BHP Group in a report on Friday, June 18th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, BHP Group presently has a consensus rating of Buy and an average target price of GBX 2,322.86 ($30.35).
Shares of BHP Group stock opened at GBX 2,026 ($26.47) on Tuesday. The stock has a market cap of £102.45 billion and a price-to-earnings ratio of 12.58. The company has a quick ratio of 1.33, a current ratio of 1.63 and a debt-to-equity ratio of 39.80. BHP Group has a twelve month low of GBX 1,438.36 ($18.79) and a twelve month high of GBX 2,505 ($32.73). The company’s fifty day moving average is GBX 2,234.55 and its 200 day moving average is GBX 2,188.28.
About BHP Group
BHP Group engages in the natural resources business in Australia, Europe, China, Japan, India, South Korea, rest of Asia, North America, South America, and internationally. It operates through Petroleum, Copper, Iron Ore, and Coal segments. The company engages in the exploration, development, and production of oil and gas properties; and mining of copper, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.
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