BHP Group (LON:BHP) Rating Reinstated by Credit Suisse Group

BHP Division (LON:BHPGet the Badge)Research analysts at Credit Suisse Group restated the stock from a “neutral” rating in a report issued on Friday. , Marketbeat report. They currently have a target price of GBX 2,600 ($31.73) per share. Credit Suisse Group’s target price would indicate a potential downside of 5.81% from the company’s previous close.

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BHP has been the subject of many other reports. JPMorgan Chase & Co. raised their price target on BHP Group from GBX 2,450 ($29.90) to GBX 2,500 ($30.51) and gave the company a “neutral” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 2,100 ($25.63) price objective on shares of BHP Group in a research note on Monday, November 21st. Barclays reaffirmed an “equal weight” rating on shares of BHP Group in a research note on Friday. Finally, Berenberg Bank restated a “hold” rating and issued a GBX 2,300 ($28.07) price objective on shares of BHP Group in a research note on Thursday, December 22nd. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat, the company currently has a rating of “Hold” and a target price of GBX 2,300 ($28.07).

BHP Group Stock Performance

Share of BHP shares opened at GBX 2,760.50 ($33.69) on Friday. The company has a market capitalization of £139.72 billion and a price-to-earnings ratio of 814.31. The stock has a 50-day simple moving average of GBX 2,577.52 and a 200-day simple moving average of GBX 2,357.37. BHP Group has a 12-month low of GBX 1,998.60 ($24.39) and a 12-month high of GBX 3,040 ($37.10). The company has a current ratio of 1.69, a quick ratio of 1.37 and a debt-to-equity ratio of 37.43.

BHP Group Company Information

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BHP Group Limited operates as a resource company in Australia, Europe, China, Japan, India, South Korea, other parts of Asia, North America, South America, and internationally. The company operates through the Steel, Iron, and Coal segments. It works in the use of copper, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and coal power.

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