Barclays Remains a Hold on BHP Group Ltd (BHPLF)

In a report released today, Amos Fletcher from Barclays maintained a Hold rating on BHP Group Ltd. The company’s shares closed yesterday at $26.73.

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According to TipRanks, Fletcher is a 3-star analyst with an average return of 2.5% and a 56.55% success rate. Fletcher covers the Basic Materials sector, focusing on stocks such as Rio Tinto, Vale SA, and BHP Group Ltd.

The word on The Street in general, suggests a Hold analyst consensus rating for BHP Group Ltd with a $27.62 average price target, which is a 3.32% upside from current levels. In a report released yesterday, J.P. Morgan also maintained a Hold rating on the stock with a A$22.00 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.