BHP Group (LON:BHP) was downgraded by equities researchers at Liberum Capital to a “sell” rating in a research note issued on Tuesday, ThisIsMoney.Co.Uk reports.
A number of other research analysts also recently commented on BHP. Bank of America reiterated an “underperform” rating on shares of BHP Group in a research note on Tuesday. UBS Group reiterated a “neutral” rating on shares of BHP Group in a research note on Tuesday. Goldman Sachs Group reduced their price objective on shares of BHP Group from GBX 2,100 ($27.44) to GBX 1,900 ($24.83) and set a “neutral” rating on the stock in a research note on Tuesday. Independent Research set a GBX 1,925 ($25.15) price objective on shares of BHP Group and gave the company a “neutral” rating in a research note on Tuesday, August 27th. Finally, HSBC reduced their price objective on shares of BHP Group from GBX 1,995 ($26.07) to GBX 1,860 ($24.30) and set a “hold” rating on the stock in a research note on Tuesday. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 1,798.85 ($23.51).
LON BHP opened at GBX 1,602.60 ($20.94) on Tuesday. BHP Group has a 12 month low of GBX 18.17 ($0.24) and a 12 month high of GBX 2,078.50 ($27.16). The company has a debt-to-equity ratio of 49.76, a current ratio of 1.89 and a quick ratio of 1.56. The company has a market capitalization of $33.85 billion and a price-to-earnings ratio of 10.02. The company’s fifty day moving average price is GBX 1,725.74 and its two-hundred day moving average price is GBX 1,835.82.
About BHP Group
BHP Group discovers, acquires, develops, and markets natural resources worldwide. The company engages in the exploration, development, and production of oil and gas properties; and mining of copper, silver, lead, zinc, molybdenum, uranium, gold, and iron ores, as well as metallurgical and energy coal.
Further Reading: Death Cross
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