New Sell Rating for BHP Group Ltd (BHPLF), the Basic Materials Giant

Berenberg Bank analyst Richard Hatch maintained a Sell rating on BHP Group Ltd today and set a price target of £19.00. The company’s shares closed last Monday at $28.00.

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Hatch covers the Basic Materials sector, focusing on stocks such as Anglo American, Ecora Resources, and Antofagasta. According to TipRanks, Hatch has an average return of 14.8% and a 54.00% success rate on recommended stocks.

BHP Group Ltd has an analyst consensus of Hold, with a price target consensus of $29.12.

Based on BHP Group Ltd’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $25.18 billion and a net profit of $4.42 billion. In comparison, last year the company earned a revenue of $27.46 billion and had a net profit of $927 million

Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BHPLF in relation to earlier this year.