RBC Capital analyst Kaan Peker maintains a Hold rating on BHP Group Ltd with a price target of A$44.00. The analyst consensus is a Moderate Buy with an average price target of $27.62, a 2.71% upside from current levels. Citi has downgraded the stock to a Hold with a A$43.00 price target. BHP Group Ltd has a one-year high of $32.00 and a one-year low of $19.04.
BHP Group Ltd, the global mining giant, has seen mixed analyst sentiment in recent weeks, with varying price targets and ratings. RBC Capital analyst Kaan Peker maintains a Hold rating with a price target of A$44.00, while Citi has downgraded the stock to a Hold with a price target of A$43.00. Despite these mixed signals, the analyst consensus is a Moderate Buy with an average price target of $27.62, a 2.71% upside from current levels.
The stock has experienced significant volatility over the past year, reaching a one-year high of $32.00 and a one-year low of $19.04. J.P. Morgan analyst Lyndon Fagan recently maintained a Buy rating with a price target of A$44.00, while Morgan Stanley's Rahul Anand also issued a Buy rating. However, Deutsche Bank maintained a Hold rating on the stock [1].
BHP Group Ltd's latest earnings release for the quarter ending December 31 showed a quarterly revenue of $25.18 billion and a net profit of $4.42 billion, compared to last year's revenue of $27.46 billion and net profit of $927 million. The company's strong market capitalization of approximately $136.24 billion and a relatively low debt-to-equity ratio of 0.40 suggest stability and a conservative approach to leveraging [2].
Investors should consider the mixed analyst ratings and price targets when evaluating BHP Group Ltd. While the stock's growth potential may be limited in the near term due to recent downgrades, the company's strong fundamentals and market position may provide opportunities for long-term investors.
References:
[1] https://www.theglobeandmail.com/investing/markets/stocks/BHP/pressreleases/34198626/new-buy-rating-for-bhp-group-ltd-bhplf-the-basic-materials-giant/
[2] https://www.cnn.com/markets/stocks/BHP
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