Macquarie Keeps Their Hold Rating on BHP Group Ltd (BHPLF)

Macquarie analyst Robert Stein maintained a Hold rating on BHP Group Ltd today and set a price target of A$42.00. The company’s shares closed today at $26.73.

Elevate Your Investing Strategy:

• Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

According to TipRanks, Stein is a 3-star analyst with an average return of 3.2% and a 55.49% success rate. Stein covers the Basic Materials sector, focusing on stocks such as Rio Tinto Limited, Iluka Resources Limited, and Liontown Resources Limited.

BHP Group Ltd has an analyst consensus of Hold, with a price target consensus of $28.16, which is a 5.34% upside from current levels. In a report released today, J.P. Morgan also maintained a Hold rating on the stock with a A$22.00 price target.

BHPLF market cap is currently $140.4B and has a P/E ratio of 15.13.

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.