Jefferies Financial Group Lowers BHP Group (NYSE:BHP) Price Target to $53.00

BHP Group (NYSE:BHP) had its price target reduced by stock analysts at Jefferies Financial Group from $57.00 to $53.00 in a report issued on Monday,Benzinga reports. The firm currently has a “hold” rating on the mining company’s stock. Jefferies Financial Group’s price objective points to a potential upside of 8.58% from the company’s previous close.

A number of other analysts have also recently commented on the stock. StockNews.com upgraded shares of BHP Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 26th. Sanford C. Bernstein raised shares of BHP Group from a “market perform” rating to an “outperform” rating in a research note on Monday, September 16th. Finally, Argus raised BHP Group to a “strong-buy” rating in a research report on Thursday, September 19th. Three analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, BHP Group presently has an average rating of “Moderate Buy” and an average price target of $53.00.

BHP Group Trading Down 0.8 %

BHP opened at $48.81 on Monday. The company has a quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.38. BHP Group has a 52 week low of $48.54 and a 52 week high of $66.79. The stock has a market cap of $123.77 billion, a PE ratio of 10.56 and a beta of 0.95. The business has a 50 day moving average of $52.32 and a 200-day moving average of $54.75.

Institutional Trading of BHP Group

Institutional investors have recently added to or reduced their stakes in the business. Asset Dedication LLC boosted its position in shares of BHP Group by 7,516.7% during the second quarter. Asset Dedication LLC now owns 457 shares of the mining company’s stock valued at $26,000 after buying an additional 451 shares during the last quarter. Eastern Bank purchased a new stake in shares of BHP Group during the 3rd quarter valued at about $26,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of BHP Group in the second quarter worth approximately $27,000. Sound Income Strategies LLC grew its stake in shares of BHP Group by 124.6% in the third quarter. Sound Income Strategies LLC now owns 530 shares of the mining company’s stock worth $33,000 after acquiring an additional 294 shares during the period. Finally, Versant Capital Management Inc bought a new position in BHP Group during the fourth quarter valued at approximately $40,000. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

BHP Group Company Profile

BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally. The company operates through Copper, Iron Ore, and Coal segments. It engages in the mining of copper, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.