BHP Group (LON:BHP) Receives Sector perform Rating from Royal Bank Of Canada

Royal Bank Of Canada restated their sector perform rating on shares of BHP Group (LON:BHP) in a research report sent to investors on Monday morning,Digital Look reports. They currently have a GBX 2,900 price target on the stock.

Several other research analysts have also recently weighed in on the stock. Berenberg Bank restated a “hold” rating and issued a GBX 2,500 price objective on shares of BHP Group in a research report on Thursday, April 23rd. Citigroup increased their price objective on BHP Group from £290 to £350 and gave the company a “neutral” rating in a research report on Monday, June 8th. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 3,350 target price on shares of BHP Group in a research note on Tuesday. Finally, JPMorgan Chase & Co. decreased their price objective on BHP Group from GBX 3,400 to GBX 3,000 and set a “neutral” rating for the company in a research note on Friday, July 10th. Five equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, BHP Group presently has an average rating of “Hold” and an average target price of GBX 9,350.

BHP Group Price Performance

Shares of BHP stock opened at GBX 3,261 on Monday. BHP Group has a 1 year low of GBX 1,918 and a 1 year high of GBX 3,495. The company has a current ratio of 1.65, a quick ratio of 1.37 and a debt-to-equity ratio of 62.55. The firm’s 50 day moving average is GBX 3,168.30 and its 200-day moving average is GBX 2,980.64. The firm has a market capitalization of £165.68 billion, a price-to-earnings ratio of 16.20, a PEG ratio of -0.78 and a beta of 0.84.

About BHP Group

We are a world-leading resources company, focused on the resources the world needs to grow and decarbonise. Copper for renewable energy. Potash for sustainable farming. Iron ore and metallurgical coal for the steel needed for global infrastructure and the energy transition.

A resources mix for today and for the future.

Our strategy is to deliver long-term value and returns through the cycle. We aim to do this through owning a portfolio of world class assets with exposure to highly attractive commodities that benefit from the mega-trends playing out in the world around us, by operating them exceptionally well, by maintaining a disciplined approach to capital allocation and through being industry leaders in sustainability and the creation of social value.

We are a global business with over 9,000 suppliers around the world, many of which are small to medium-sized businesses that are local to our assets.