BHP Group (LON:BHP) Given “Hold” Rating at Berenberg Bank

Berenberg Bank reiterated their hold rating on shares of BHP Group (LON:BHP) in a research note published on Tuesday, MarketBeat.com reports. The firm currently has a GBX 2,000 ($25.38) target price on the stock.

Separately, Deutsche Bank Aktiengesellschaft lowered their target price on shares of BHP Group from GBX 2,250 ($28.55) to GBX 2,100 ($26.65) and set a “hold” rating for the company in a research note on Monday, September 9th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of GBX 2,710 ($34.39).

BHP Group Price Performance

Shares of BHP opened at GBX 2,069 ($26.26) on Tuesday. The company has a current ratio of 1.70, a quick ratio of 1.37 and a debt-to-equity ratio of 45.26. The firm has a market cap of £104.90 billion, a price-to-earnings ratio of 1,733.61, a PEG ratio of -0.78 and a beta of 0.84. BHP Group has a 52 week low of GBX 1,941.10 ($24.63) and a 52 week high of GBX 2,707.50 ($34.36). The stock has a 50 day moving average of GBX 2,141.07 and a 200-day moving average of GBX 2,195.52.

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 dividend of $0.74 per share. This is an increase from BHP Group’s previous dividend of $0.72. The ex-dividend date was Thursday, September 12th. This represents a dividend yield of 2.7%. BHP Group’s payout ratio 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.