Royal Bank Of Canada Reaffirms Sector perform Rating for BHP Group (LON:BHP)

BHP Group (LON:BHP – Get Free Report)‘s stock had its “sector perform” rating reiterated by Royal Bank Of Canada in a report released on Monday,Digital Look reports. They currently have a GBX 2,900 target price on the stock. Royal Bank Of Canada’s price objective points to a potential downside of 10.96% from the company’s previous close.

A number of other equities research analysts have also commented on the company. Citigroup increased their price target 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 reiterated a “hold” rating and issued a GBX 3,350 target price on shares of BHP Group in a research note on Tuesday. JPMorgan Chase & Co. lowered their target price on shares of BHP Group from GBX 3,400 to GBX 3,000 and set a “neutral” rating for the company in a report on Friday, July 10th. Finally, Berenberg Bank reissued a “hold” rating and set a GBX 2,500 price target on shares of BHP Group in a research report on Thursday, April 23rd. Five analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of GBX 9,350.

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BHP Group Stock Up 0.4%

Shares of LON:BHP opened at GBX 3,257 on Monday. The stock has a market cap of £165.48 billion, a price-to-earnings ratio of 16.18, a PEG ratio of -0.78 and a beta of 0.84. The company has a quick ratio of 1.37, a current ratio of 1.65 and a debt-to-equity ratio of 62.55. BHP Group has a 12-month low of GBX 1,918 and a 12-month high of GBX 3,495. The business’s 50 day moving average is GBX 3,168.30 and its 200 day moving average is GBX 2,980.64.

BHP Group Company Profile

(Get Free Report)

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.

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