BHP Group PLC (NYSE:BBL) Given Average Rating of “Hold” by Brokerages

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Shares of BHP Group PLC (NYSE:BBL) have been assigned an average recommendation of “Hold” from the ten research firms that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $52.00.

A number of research analysts have recently commented on BBL shares. UBS Group reaffirmed a “neutral” rating on shares of BHP Group in a research report on Wednesday, October 9th. ValuEngine lowered shares of BHP Group from a “hold” rating to a “sell” rating in a research report on Friday, January 10th. Royal Bank of Canada raised shares of BHP Group from a “sector perform” rating to an “outperform” rating in a research report on Friday, October 25th. Finally, Zacks Investment Research raised shares of BHP Group from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research report on Tuesday, January 7th.

Large investors have recently bought and sold shares of the stock. Griffin Asset Management Inc. acquired a new position in BHP Group in the second quarter worth about $163,000. Tower Research Capital LLC TRC raised its position in BHP Group by 98.8% in the third quarter. Tower Research Capital LLC TRC now owns 4,894 shares of the mining company’s stock worth $210,000 after purchasing an additional 2,432 shares in the last quarter. Eaton Vance Management acquired a new position in BHP Group in the second quarter worth about $220,000. Advisor Partners LLC raised its position in BHP Group by 15.6% in the third quarter. Advisor Partners LLC now owns 5,503 shares of the mining company’s stock worth $236,000 after purchasing an additional 744 shares in the last quarter. Finally, Pacer Advisors Inc. raised its position in BHP Group by 50.9% in the third quarter. Pacer Advisors Inc. now owns 5,691 shares of the mining company’s stock worth $244,000 after purchasing an additional 1,920 shares in the last quarter. 4.33% of the stock is owned by hedge funds and other institutional investors.

Shares of BBL opened at $44.95 on Wednesday. The company has a 50-day simple moving average of $46.90 and a 200-day simple moving average of $44.86. The firm has a market capitalization of $47.00 billion, a P/E ratio of 12.28, a P/E/G ratio of 2.75 and a beta of 0.97. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.58 and a current ratio of 1.89. BHP Group has a 52 week low of $40.57 and a 52 week high of $51.87.

BHP Group Company Profile

BHP Group discovers, acquires, develops, and markets natural resources worldwide. The company engages in the exploration, development, and production of oil and gas properties; and mining of copper, silver, lead, zinc, molybdenum, uranium, gold, and iron ores, as well as metallurgical and energy coal.

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Analyst Recommendations for BHP Group (NYSE:BBL)

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