J.P. Morgan Reaffirms Their Hold Rating on BHP Group Ltd (BHPLF)

In a report released today, Dominic OKane from J.P. Morgan maintained a Hold rating on BHP Group Ltd, with a price target of A$22.00. The company’s shares closed last Monday at $28.00.

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According to TipRanks, OKane is a 3-star analyst with an average return of 2.4% and a 57.67% success rate. OKane covers the Basic Materials sector, focusing on stocks such as Rio Tinto, Glencore, and Anglo American.

Currently, the analyst consensus on BHP Group Ltd is a Hold with an average price target of $28.20, implying a 0.71% upside from current levels. In a report released yesterday, UBS also maintained a Hold rating on the stock with a A$43.00 price target.

Based on BHP Group Ltd’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $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.