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Morgans Reaffirms Their Hold Rating on BHP Group Ltd (BHPLF)

Tipranks - Tipranks - Fri Apr 24, 7:38PM CDT

Morgans analyst Adrian Prendergast maintained a Hold rating on BHP Group Ltd today and set a price target of A$53.80.

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Prendergast covers the Energy sector, focusing on stocks such as Amplitude Energy, Beach Energy , and Santos Limited. According to TipRanks, Prendergast has an average return of 19.2% and a 60.28% success rate on recommended stocks.

In addition to Morgans, BHP Group Ltd also received a Hold from Citi’s Ephrem Ravi in a report issued on April 22. However, yesterday, Morgan Stanley maintained a Buy rating on BHP Group Ltd (Other OTC: BHPLF).

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Based on BHP Group Ltd’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of A$28.41 billion and a net profit of A$5.74 billion. In comparison, last year the company earned a revenue of A$25.18 billion and had a net profit of A$4.42 billion

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