Morgan Stanley Sticks to Its Buy Rating for BHP Group Ltd (BHPLF)

Morgan Stanley analyst Rahul Anand maintained a Buy rating on BHP Group Ltd today and set a price target of A$48.00. The company’s shares closed yesterday at $26.74.

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Anand covers the Basic Materials sector, focusing on stocks such as BHP Group Ltd, Rio Tinto Limited, and Fortescue Metals Group Ltd. According to TipRanks, Anand has an average return of 10.5% and a 54.89% success rate on recommended stocks.

The word on The Street in general, suggests a Hold analyst consensus rating for BHP Group Ltd with a $26.69 average price target, a -0.19% downside from current levels. In a report released on October 2, J.P. Morgan also maintained a Buy rating on the stock with a A$48.00 price target.

BHPLF market cap is currently $140B and has a P/E ratio of 14.99.

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.