BHP Group (NYSE:BBL) Upgraded to “Neutral” by JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of BHP Group (NYSE:BBL) from an underweight rating to a neutral rating in a research note issued to investors on Friday morning, Briefing.com Automated Import reports.

A number of other equities analysts have also weighed in on the company. UBS Group lowered BHP Group from a buy rating to a neutral rating in a research report on Monday, April 22nd. Liberum Capital upgraded Rio Tinto from a sell rating to a buy rating in a research report on Friday, May 17th. Finally, Zacks Investment Research upgraded HB Fuller from a sell rating to a hold rating in a research report on Wednesday, July 3rd. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $54.00.

BHP Group stock opened at $50.41 on Friday. The stock has a market cap of $52.74 billion, a PE ratio of 15.00, a P/E/G ratio of 2.55 and a beta of 0.87. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.16 and a current ratio of 2.55. The firm’s 50 day simple moving average is $48.67. BHP Group has a 52 week low of $38.04 and a 52 week high of $51.87.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Quantamental Technologies LLC purchased a new stake in shares of BHP Group during the 1st quarter worth about $29,000. Pinnacle Bank bought a new position in shares of BHP Group in the 4th quarter valued at approximately $26,000. Private Capital Group LLC raised its stake in shares of BHP Group by 76.9% in the 1st quarter. Private Capital Group LLC now owns 1,033 shares of the mining company’s stock valued at $50,000 after acquiring an additional 449 shares in the last quarter. Liberty Wealth Management LLC bought a new position in shares of BHP Group in the 4th quarter valued at approximately $43,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of BHP Group by 51.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,176 shares of the mining company’s stock valued at $57,000 after acquiring an additional 397 shares in the last quarter. Hedge funds and other institutional investors own 4.63% of the company’s stock.

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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