BHP Group Limited (LON:BHP) Receives Consensus Recommendation of “Hold” from Brokerages

BHP Group Limited (LON:BHP) has been assigned a consensus recommendation of “Hold” from the seven analysts that are currently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is GBX 2,710 ($35.19).

BHP has been the subject of a number of analyst reports. Citigroup reiterated a “buy” rating and issued a GBX 2,500 ($32.46) price objective on shares of BHP Group in a research report on Thursday, July 18th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 2,000 ($25.97) price target on shares of BHP Group in a report on Wednesday, August 28th. Royal Bank of Canada raised their price objective on BHP Group from GBX 4,400 ($57.13) to GBX 4,500 ($58.43) and gave the company a “sector perform” rating in a report on Thursday, July 18th. JPMorgan Chase & Co. reduced their target price on BHP Group from GBX 2,720 ($35.32) to GBX 2,650 ($34.41) and set a “neutral” rating for the company in a research note on Thursday, July 18th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on BHP Group from GBX 2,250 ($29.21) to GBX 2,100 ($27.27) and set a “hold” rating on the stock in a research report on Monday, September 9th.

BHP Group Stock Performance

Shares of LON BHP opened at GBX 2,186 ($28.38) on Wednesday. The company has a market capitalization of £110.83 billion, a PE ratio of 1,836.97, 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. The company’s fifty day moving average price is GBX 2,120.89 and its 200 day moving average price is GBX 2,219.27. BHP Group has a 1 year low of GBX 1,941.10 ($25.20) and a 1 year high of GBX 2,707.50 ($35.15).

BHP Group Increases Dividend

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

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, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.