Jefferies Financial Group Issues Pessimistic Forecast for BHP Group (NYSE:BHP) Stock Price

BHP Group (NYSE:BHP) had its target price decreased by Jefferies Financial Group from $57.00 to $53.00 in a report issued on Monday morning,Benzinga reports. Jefferies Financial Group currently has a hold rating on the mining company’s stock.

BHP has been the topic of several other reports. Sanford C. Bernstein raised BHP Group from a “market perform” rating to an “outperform” rating in a report on Monday, September 16th. StockNews.com raised BHP Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 26th. Finally, Argus raised shares of BHP Group to a “strong-buy” rating in a research report on Thursday, September 19th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $53.00.

BHP Group Stock Up 1.2 %

Shares of BHP Group stock opened at $48.74 on Monday. BHP Group has a twelve month low of $48.06 and a twelve month high of $64.85. The company has a quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.38. The company’s 50 day moving average is $51.81 and its 200 day moving average is $54.59. The company has a market cap of $123.59 billion, a price-to-earnings ratio of 10.55 and a beta of 0.95.

Hedge Funds Weigh In On BHP Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Asset Dedication LLC boosted its holdings in BHP Group by 7,516.7% in the 2nd quarter. Asset Dedication LLC now owns 457 shares of the mining company’s stock worth $26,000 after buying an additional 451 shares during the period. Eastern Bank bought a new position in shares of BHP Group in the third quarter worth about $26,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of BHP Group during the second quarter worth about $27,000. Sound Income Strategies LLC raised its stake in BHP Group by 124.6% during the 3rd quarter. Sound Income Strategies LLC now owns 530 shares of the mining company’s stock valued at $33,000 after purchasing an additional 294 shares during the period. Finally, Versant Capital Management Inc purchased a new position in BHP Group in the 4th quarter worth 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.