BHP Group (NYSE:BBL) Downgraded by ValuEngine to “Sell”

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

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

Shares of BBL traded down $1.17 during midday trading on Thursday, hitting $43.75. 564,348 shares of the company traded hands, compared to its average volume of 999,109. The stock’s 50-day moving average is $49.71. BHP Group has a one year low of $38.04 and a one year high of $51.87. The firm has a market cap of $47.44 billion, a price-to-earnings ratio of 13.02, a P/E/G ratio of 2.30 and a beta of 0.89. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.16 and a current ratio of 2.55.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Comerica Bank grew its holdings in shares of BHP Group by 2.4% during the second quarter. Comerica Bank now owns 68,264 shares of the mining company’s stock worth $3,442,000 after purchasing an additional 1,630 shares in the last quarter. Advisory Services Network LLC grew its holdings in shares of BHP Group by 35.5% during the second quarter. Advisory Services Network LLC now owns 877 shares of the mining company’s stock worth $45,000 after purchasing an additional 230 shares in the last quarter. Charter Trust Co. purchased a new position in shares of BHP Group during the second quarter worth about $635,000. Aperio Group LLC grew its holdings in shares of BHP Group by 1.9% during the second quarter. Aperio Group LLC now owns 35,237 shares of the mining company’s stock worth $1,801,000 after purchasing an additional 652 shares in the last quarter. Finally, First Trust Advisors LP purchased a new position in shares of BHP Group during the second quarter worth about $396,000. 4.58% of the stock is owned by institutional investors.

BHP Group Company Profile

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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Analyst Recommendations for BHP Group (NYSE:BBL)

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