Jefferies Financial Group Cuts BHP Group (NYSE:BHP) Price Target to $53.00

BHP Group (NYSE:BHP) had its price target trimmed by Jefferies Financial Group from $57.00 to $53.00 in a research note published on Monday,Benzinga reports. The firm currently has a hold rating on the mining company’s stock.

A number of other analysts have also issued reports on the company. StockNews.com raised BHP Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 26th. Argus raised shares of BHP Group to a “strong-buy” rating in a research note on Thursday, September 19th. Finally, Sanford C. Bernstein upgraded shares of BHP Group from a “market perform” rating to an “outperform” rating in a research report on Monday, September 16th. Three analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $53.00.

BHP Group Stock Down 0.7 %

Shares of NYSE BHP opened at $48.49 on Monday. BHP Group has a 52-week low of $48.43 and a 52-week high of $66.13. The company has a quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.38. The company’s 50-day simple moving average is $52.14 and its 200-day simple moving average is $54.69. The firm has a market cap of $122.96 billion, a price-to-earnings ratio of 10.50 and a beta of 0.95.

Institutional Trading of BHP Group

Several institutional investors have recently made changes to their positions in BHP. Pinnacle West Asset Management Inc. increased its position in shares of BHP Group by 2.6% during the second quarter. Pinnacle West Asset Management Inc. now owns 7,925 shares of the mining company’s stock valued at $452,000 after acquiring an additional 200 shares during the last quarter. Bleakley Financial Group LLC increased its holdings in BHP Group by 4.1% in the 3rd quarter. Bleakley Financial Group LLC now owns 5,101 shares of the mining company’s stock valued at $317,000 after purchasing an additional 203 shares during the last quarter. Huntington National Bank raised its position in BHP Group by 17.5% in the third quarter. Huntington National Bank now owns 1,365 shares of the mining company’s stock valued at $85,000 after purchasing an additional 203 shares during the period. Altman Advisors Inc. lifted its stake in BHP Group by 1.0% during the second quarter. Altman Advisors Inc. now owns 24,721 shares of the mining company’s stock worth $1,411,000 after purchasing an additional 242 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its position in shares of BHP Group by 4.6% during the third quarter. First Horizon Advisors Inc. now owns 6,012 shares of the mining company’s stock worth $373,000 after buying an additional 263 shares during the period. Hedge funds and other institutional investors own 3.79% of the company’s stock.

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.