BHP Group PLC (BBL) Receives Consensus Rating of “Buy” from Analysts

BHP Group PLC (NYSE:BBL) has been assigned an average recommendation of “Buy” from the eleven research firms that are currently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $57.00.

A number of analysts have recently issued reports on BBL shares. UBS Group reissued a “buy” rating on shares of BHP Group in a research note on Wednesday, March 27th. Zacks Investment Research raised shares of BHP Group from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research note on Tuesday, March 26th. ValuEngine raised shares of BHP Group from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Societe Generale reaffirmed a “hold” rating on shares of BHP Group in a research note on Thursday, March 7th. Finally, Goldman Sachs Group lowered shares of BHP Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 12th.

Shares of BBL traded down $0.67 during trading hours on Thursday, reaching $50.10. 1,095,370 shares of the company traded hands, compared to its average volume of 1,527,830. The firm has a market capitalization of $53.61 billion, a P/E ratio of 14.89, a P/E/G ratio of 2.51 and a beta of 0.83. BHP Group has a 12-month low of $38.04 and a 12-month high of $50.97. The company has a current ratio of 2.55, a quick ratio of 2.16 and a debt-to-equity ratio of 0.43.

The company also recently declared a special dividend, which was paid on Tuesday, March 26th. Shareholders of record on Friday, March 8th were given a dividend of $1.10 per share. This represents a dividend yield of 5.29%. The ex-dividend date was Thursday, March 7th. BHP Group’s payout ratio is 65.48%.

Several hedge funds have recently added to or reduced their stakes in the business. Pinnacle Bank acquired a new position in shares of BHP Group during the fourth quarter valued at about $26,000. Truehand Inc acquired a new stake in shares of BHP Group during the 4th quarter worth approximately $28,000. Doyle Wealth Management acquired a new stake in shares of BHP Group during the 4th quarter worth approximately $30,000. Whittier Trust Co. grew its stake in shares of BHP Group by 307.2% during the 4th quarter. Whittier Trust Co. now owns 737 shares of the mining company’s stock worth $31,000 after purchasing an additional 556 shares during the period. Finally, Liberty Wealth Management LLC acquired a new stake in shares of BHP Group during the 4th quarter worth approximately $43,000. 4.37% of the stock is owned by institutional investors and hedge funds.

BHP Group Company Profile

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.

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Analyst Recommendations for BHP Group (NYSE:BBL)

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