Barclays Keeps Their Hold Rating on BHP Group Ltd (BHPLF)
Barclays analyst Amos Fletcher maintained a Hold rating on BHP Group Ltd yesterday and set a price target of £27.70. The company’s shares closed yesterday at A$56.03.
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According to TipRanks, Fletcher is a 4-star analyst with an average return of 6.6% and a 58.18% success rate. Fletcher covers the Basic Materials sector, focusing on stocks such as Rio Tinto, BHP Group Ltd, and Endeavour Mining.
The word on The Street in general, suggests a Hold analyst consensus rating for BHP Group Ltd with a £27.40 average price target, representing a -51.09% downside. In a report released today, Citi also maintained a Hold rating on the stock with a A$55.00 price target.
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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