BHP Group Limited (LON:BHP – Get Free Report) has been assigned an average recommendation of “Hold” from the six research firms that are currently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is GBX 2,811.67 ($36.77).
A number of research firms recently issued reports on BHP. Royal Bank of Canada boosted their price objective on BHP Group from GBX 4,400 ($57.54) to GBX 4,500 ($58.85) and gave the company a “sector perform” rating in a report on Thursday, July 18th. JPMorgan Chase & Co. lowered their target price on BHP Group from GBX 2,720 ($35.57) to GBX 2,650 ($34.65) and set a “neutral” rating for the company in a report on Thursday, July 18th. Berenberg Bank reiterated a “hold” rating and issued a GBX 2,000 ($26.15) target price on shares of BHP Group in a report on Wednesday, August 28th. Finally, Citigroup reiterated a “buy” rating and issued a GBX 2,500 ($32.69) target price on shares of BHP Group in a report on Thursday, July 18th.
Get Our Latest Stock Analysis on BHP Group
BHP Group Price Performance
BHP Group Increases Dividend
The firm also recently announced a dividend, which will be paid on Thursday, October 3rd. Investors of record on Thursday, September 12th will be given a dividend of $0.74 per share. This is a positive change from BHP Group’s previous dividend of $0.72. This represents a yield of 2.7%. The ex-dividend date of this dividend is Thursday, September 12th. BHP Group’s dividend payout ratio is currently 9,491.53%.
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, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.
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