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BHP Group Ltd (BHPLF) Receives a Hold from Berenberg Bank

BHP Group Ltd (BHPLF) Receives a Hold from Berenberg Bank

In a report released on July 3, Richard Hatch from Berenberg Bank maintained a Hold rating on BHP Group Ltd, with a price target of £17.00. The company's shares closed last Thursday at $25.70.
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According to TipRanks, Hatch is a 4-star analyst with an average return of 8.2% and a 51.80% success rate. Hatch covers the Basic Materials sector, focusing on stocks such as Tharisa, Rio Tinto, and Resolute Mining .
Currently, the analyst consensus on BHP Group Ltd is a Moderate Buy with an average price target of $27.44, implying a 6.77% upside from current levels. In a report released on July 3, Deutsche Bank also maintained a Hold rating on the stock with a £19.00 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 21 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BHPLF in relation to earlier this year.
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