ValuEngine Lowers BHP Group (NYSE:BBL) to Sell

ValuEngine downgraded shares of BHP Group (NYSE:BBL) from a hold rating to a sell rating in a report issued on Thursday morning, ValuEngine reports.

Other equities research analysts also recently issued research reports about the stock. Liberum Capital downgraded shares of BHP Group from a buy rating to a hold rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. upgraded shares of BHP Group from an underweight rating to a neutral rating in a research report on Friday, July 12th. Zacks Investment Research restated a buy rating on shares of BHP Group in a research report on Wednesday, July 3rd. Finally, UBS Group downgraded shares of BHP Group from a buy rating to a neutral rating in a research report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. BHP Group currently has a consensus rating of Hold and a consensus target price of $54.00.

Shares of NYSE BBL traded down $0.92 during midday trading on Thursday, reaching $44.92. 1,273,524 shares of the company were exchanged, compared to its average volume of 999,109. The company has a current ratio of 2.55, a quick ratio of 2.16 and a debt-to-equity ratio of 0.43. BHP Group has a 1 year low of $38.04 and a 1 year high of $51.87. The company’s fifty day moving average is $49.71. The company has a market capitalization of $48.41 billion, a PE ratio of 13.37, a P/E/G ratio of 2.35 and a beta of 0.89.

A number of large investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp grew its stake in BHP Group by 32.8% in the fourth quarter. Bank of New York Mellon Corp now owns 71,066 shares of the mining company’s stock worth $2,977,000 after purchasing an additional 17,543 shares during the period. Geode Capital Management LLC grew its stake in BHP Group by 5.5% in the fourth quarter. Geode Capital Management LLC now owns 31,305 shares of the mining company’s stock worth $1,311,000 after purchasing an additional 1,624 shares during the period. Pinnacle Bank purchased a new stake in BHP Group in the fourth quarter worth $26,000. Deutsche Bank AG grew its stake in BHP Group by 644.4% in the fourth quarter. Deutsche Bank AG now owns 902,662 shares of the mining company’s stock worth $37,811,000 after purchasing an additional 781,401 shares during the period. Finally, Bridge Creek Capital Management LLC grew its stake in BHP Group by 3.4% in the first quarter. Bridge Creek Capital Management LLC now owns 32,910 shares of the mining company’s stock worth $1,589,000 after purchasing an additional 1,075 shares during the period. Hedge funds and other institutional investors own 4.63% of the company’s stock.

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.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for BHP Group (NYSE:BBL)

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