UBS Group Reaffirms Neutral Rating for BHP Group (LON:BHP)
UBS Group reaffirmed their neutral rating on shares of BHP Group (LON:BHP) in a research note issued to investors on Tuesday, ThisIsMoney.Co.Uk reports.
Several other brokerages have also issued reports on BHP. Barclays cut their target price on BHP Group from GBX 2,035 ($26.77) to GBX 1,950 ($25.65) and set an overweight rating for the company in a research note on Wednesday, January 15th. Goldman Sachs Group reissued a neutral rating on shares of BHP Group in a research note on Monday. Deutsche Bank reissued a hold rating on shares of BHP Group in a research note on Tuesday, January 28th. Morgan Stanley reissued an equal weight rating and set a GBX 1,820 ($23.94) price objective (up previously from GBX 1,810 ($23.81)) on shares of BHP Group in a research note on Tuesday, October 22nd. Finally, Societe Generale increased their price objective on BHP Group from GBX 1,900 ($24.99) to GBX 1,980 ($26.05) and gave the company a hold rating in a research note on Monday, December 16th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the stock. The company presently has an average rating of Hold and an average price target of GBX 1,812.69 ($23.84).
Shares of BHP opened at GBX 1,647.20 ($21.67) on Tuesday. The firm has a market cap of $35.42 billion and a P/E ratio of 10.30. The stock has a 50 day simple moving average of GBX 1,745.23 and a two-hundred day simple moving average of GBX 1,740.44. The company has a debt-to-equity ratio of 49.76, a current ratio of 1.89 and a quick ratio of 1.56. BHP Group has a 1 year low of GBX 18.17 ($0.24) and a 1 year high of GBX 2,078.50 ($27.34).
About BHP Group
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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