Brokerages Set BHP Group Limited (LON:BHP) Price Target at GBX 2,710

BHP Group Limited (LON:BHP) has been assigned a consensus rating of “Hold” from the seven analysts that are presently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is GBX 2,710 ($35.14).

Several equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft reduced their price target on BHP Group from GBX 2,250 ($29.18) to GBX 2,100 ($27.23) and set a “hold” rating on the stock in a research report on Monday, September 9th. JPMorgan Chase & Co. reduced their price target on BHP Group from GBX 2,720 ($35.27) to GBX 2,650 ($34.37) and set a “neutral” rating on the stock in a research report on Thursday, July 18th. Berenberg Bank reissued a “hold” rating and set a GBX 2,000 ($25.94) price target on shares of BHP Group in a research report on Wednesday, August 28th. Citigroup reaffirmed a “buy” rating and issued a GBX 2,500 ($32.42) target price on shares of BHP Group in a research report on Thursday, July 18th. Finally, Royal Bank of Canada upped their target price on BHP Group from GBX 4,400 ($57.06) to GBX 4,500 ($58.36) and gave the company a “sector perform” rating in a research report on Thursday, July 18th.

BHP Group Stock Performance

BHP Group stock opened at GBX 2,210 ($28.66) on Wednesday. The stock’s 50 day moving average price is GBX 2,129.99 and its 200 day moving average price is GBX 2,215.86. The firm has a market capitalization of £112.05 billion, a PE ratio of 1,857.14, a price-to-earnings-growth ratio of -0.78 and a beta of 0.84. The company has a debt-to-equity ratio of 45.26, a quick ratio of 1.37 and a current ratio of 1.70. BHP Group has a one year low of GBX 1,941.10 ($25.17) and a one year high of GBX 2,707.50 ($35.11).

BHP Group Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th were issued a $0.74 dividend. This represents a dividend yield of 2.7%. This is an increase from BHP Group’s previous dividend of $0.72. The ex-dividend date of this dividend was Thursday, September 12th. BHP Group’s payout ratio is 9,495.80%.

BHP Group Company Profile

BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally. The company operates through Copper, Iron Ore, and Coal segments. It engages in the mining of copper, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.