BHP Group Limited (NYSE:BHP) Given Consensus Recommendation of “Moderate Buy” by Brokerages

BHP Group Limited (NYSE:BHP) has been assigned an average recommendation of “Moderate Buy” from the six analysts that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $68.00.

Several equities research analysts have recently weighed in on the company. Sanford C. Bernstein raised BHP Group from a “market perform” rating to an “outperform” rating in a report on Monday, September 16th. StockNews.com upgraded shares of BHP Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 26th. Argus upgraded shares of BHP Group to a “strong-buy” rating in a research note on Thursday, September 19th. Finally, Jefferies Financial Group downgraded shares of BHP Group from a “buy” rating to a “hold” rating and decreased their target price for the stock from $72.00 to $68.00 in a research note on Friday, October 4th.

BHP Group Stock Down 1.5 %

Shares of NYSE BHP opened at $51.67 on Monday. The business has a 50-day moving average price of $54.80 and a 200 day moving average price of $55.65. The stock has a market cap of $131.02 billion, a PE ratio of 11.18 and a beta of 0.95. The company has a quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.38. BHP Group has a 52-week low of $50.90 and a 52-week high of $69.11.

Institutional Trading of BHP Group

Several hedge funds have recently made changes to their positions in BHP. Asset Dedication LLC lifted its position in BHP Group by 7,516.7% in the second quarter. Asset Dedication LLC now owns 457 shares of the mining company’s stock valued at $26,000 after purchasing an additional 451 shares during the period. Eastern Bank purchased a new position in shares of BHP Group during the 3rd quarter worth approximately $26,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of BHP Group in the 2nd quarter valued at approximately $27,000. Sound Income Strategies LLC boosted its stake in shares of BHP Group by 124.6% in the third quarter. Sound Income Strategies LLC now owns 530 shares of the mining company’s stock valued at $33,000 after buying an additional 294 shares in the last quarter. Finally, Addison Advisors LLC grew its holdings in BHP Group by 1,187.0% during the second quarter. Addison Advisors LLC now owns 592 shares of the mining company’s stock worth $34,000 after acquiring an additional 546 shares during the period. Institutional investors and hedge funds 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.