BHP Group (NYSE:BBL)‘s stock had its “hold” rating reaffirmed by research analysts at Deutsche Bank Aktiengesellschaft in a report issued on Monday, The Fly reports.
A number of other research firms have also commented on BBL. UBS Group reaffirmed a “buy” rating on shares of BHP Group in a research note on Monday, February 1st. Morgan Stanley reiterated an “equal weight” rating on shares of BHP Group in a report on Tuesday, March 30th. Zacks Investment Research upgraded BHP Group from a “hold” rating to a “strong-buy” rating and set a $66.00 price objective for the company in a research report on Tuesday, March 23rd. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of BHP Group in a report on Friday, March 5th. Finally, Royal Bank of Canada restated an “outperform” rating on shares of BHP Group in a report on Friday, January 22nd. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. BHP Group presently has an average rating of “Buy” and a consensus price target of $39.00.
Shares of BBL traded down $0.85 during mid-day trading on Monday, hitting $58.49. The company’s stock had a trading volume of 130,485 shares, compared to its average volume of 1,788,753. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.45 and a quick ratio of 1.17. The firm has a 50-day moving average price of $60.54 and a 200 day moving average price of $52.34. BHP Group has a fifty-two week low of $29.88 and a fifty-two week high of $67.03. The stock has a market capitalization of $61.77 billion, a price-to-earnings ratio of 16.33, a PEG ratio of 2.72 and a beta of 1.09.
A number of large investors have recently modified their holdings of BBL. ForthRight Wealth Management LLC acquired a new position in shares of BHP Group during the 4th quarter valued at about $38,000. Captrust Financial Advisors grew its holdings in BHP Group by 46.5% during the fourth quarter. Captrust Financial Advisors now owns 762 shares of the mining company’s stock valued at $40,000 after purchasing an additional 242 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its position in shares of BHP Group by 272.7% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,737 shares of the mining company’s stock valued at $92,000 after purchasing an additional 1,271 shares during the period. Principal Street Partners LLC bought a new position in shares of BHP Group in the fourth quarter valued at approximately $169,000. Finally, Benedict Financial Advisors Inc. acquired a new stake in shares of BHP Group in the fourth quarter worth $275,000.
About BHP Group
BHP Group engages in the natural resources business in Australia, Europe, China, Japan, India, South Korea, rest of Asia, North America, South America, and internationally. It operates through Petroleum, Copper, Iron Ore, and Coal segments. The company engages in the exploration, development, and production of oil and gas properties; and mining of copper, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.
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