BHP Group (LON:BHP) Raised to Buy at Citigroup
Several other equities analysts have also recently weighed in on BHP. Societe Generale lifted 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 report on Monday, December 16th. DZ Bank boosted their target price on BHP Group from GBX 1,720 ($22.63) to GBX 1,800 ($23.68) and gave the company a hold rating in a research note on Thursday, January 23rd. Goldman Sachs Group restated a neutral rating on shares of BHP Group in a research note on Monday, February 17th. Deutsche Bank restated a hold rating on shares of BHP Group in a research note on Wednesday, March 4th. Finally, Royal Bank of Canada cut their target price on BHP Group from GBX 1,900 ($24.99) to GBX 1,800 ($23.68) and set an outperform rating on the stock in a research note on Tuesday, March 3rd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of GBX 1,738.21 ($22.87).
Shares of LON:BHP traded up GBX 34.20 ($0.45) during trading on Wednesday, hitting GBX 1,109.60 ($14.60). 16,656,187 shares of the company’s stock traded hands. BHP Group has a 52 week low of GBX 1,329 ($17.48) and a 52 week high of £1,585 ($2,084.98). The company has a current ratio of 1.62, a quick ratio of 1.31 and a debt-to-equity ratio of 52.94. The company has a market cap of $21.97 billion and a price-to-earnings ratio of 5.98. The company has a 50-day moving average price of GBX 1,479.44 and a 200-day moving average price of GBX 1,671.87.
In other news, insider Susan Kilsby bought 4,000 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were purchased at an average price of GBX 1,696 ($22.31) per share, for a total transaction of £67,840 ($89,239.67).
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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