Shares of BHP Group PLC (NYSE:BBL) have received a consensus rating of “Hold” from the nine research firms that are presently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and three have issued a buy rating on the company.
Several analysts have recently weighed in on BBL shares. JPMorgan Chase & Co. reiterated a “buy” rating and set a $69.00 target price on shares of Daimler in a research report on Friday, July 12th. Liberum Capital upgraded shares of Rio Tinto from a “sell” rating to a “buy” rating in a research report on Friday, May 17th. UBS Group lowered shares of BHP Group from a “buy” rating to a “neutral” rating in a research report on Monday, April 22nd. Finally, Zacks Investment Research upgraded shares of HB Fuller from a “sell” rating to a “hold” rating in a research report on Wednesday, July 3rd.
Several institutional investors have recently modified their holdings of BBL. Pinnacle Bank acquired a new stake in shares of BHP Group during the 4th quarter valued at about $26,000. Quantamental Technologies LLC acquired a new stake in shares of BHP Group during the 1st quarter valued at about $29,000. Liberty Wealth Management LLC acquired a new stake in shares of BHP Group during the 4th quarter valued at about $43,000. Private Capital Group LLC boosted its position in shares of BHP Group by 76.9% during the 1st quarter. Private Capital Group LLC now owns 1,033 shares of the mining company’s stock valued at $50,000 after acquiring an additional 449 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in BHP Group by 51.0% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,176 shares of the mining company’s stock valued at $57,000 after purchasing an additional 397 shares during the last quarter. Institutional investors and hedge funds own 4.63% of the company’s stock.
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.
Read More: Cost of Capital Explained
Receive News & Ratings for BHP Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BHP Group and related companies with MarketBeat.com's FREE daily email newsletter.