BHP Group Limited (LON:BHP – Get Free Report) has been assigned an average rating of “Hold” from the seven brokerages that are currently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is GBX 2,710 ($36.29).
BHP has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft cut their target price on BHP Group from GBX 2,250 ($30.13) to GBX 2,100 ($28.12) and set a “hold” rating for the company in a research report on Monday, September 9th. Berenberg Bank reiterated a “hold” rating and issued a GBX 2,000 ($26.78) price objective on shares of BHP Group in a research report on Wednesday, August 28th. Royal Bank of Canada lifted their price objective on BHP Group from GBX 4,400 ($58.92) to GBX 4,500 ($60.26) and gave the company a “sector perform” rating in a research report on Thursday, July 18th. JPMorgan Chase & Co. cut their price objective on BHP Group from GBX 2,720 ($36.42) to GBX 2,650 ($35.48) and set a “neutral” rating for the company in a research report on Thursday, July 18th. Finally, Citigroup reiterated a “buy” rating and issued a GBX 2,500 ($33.48) price objective on shares of BHP Group in a research report on Thursday, July 18th.
View Our Latest Stock Report on BHP
BHP Group Price Performance
BHP Group Increases Dividend
The firm also recently announced a dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th will be issued a dividend of $0.74 per share. The ex-dividend date is Thursday, September 12th. This is a positive change from BHP Group’s previous dividend of $0.72. This represents a yield of 2.7%. BHP Group’s payout ratio is currently 9,576.27%.
About BHP Group
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, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.
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