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ABN Amro Upgrades BHP Group Ltd (BHPLF) to Buy

According to TipRanks.com, Prendergast is a 5-star analyst with an average return of 23.4% and a 67.4% success rate. Prendergast covers the Utilities sector, focusing on stocks such as Cooper Energy Limited, Karoon Energy Ltd, and Santos Limited.

BHP Group Ltd has an analyst consensus of Hold, with a price target consensus of $34.53, implying a -6.7% downside from current levels. In a report issued on March 14, Macquarie also maintained a Buy rating on the stock with a price target.

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BHP Group Ltd’s market cap is currently $183.8B and has a P/E ratio of 10.66.

Based on the recent corporate insider activity of 22 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

BHP Group Ltd. engages in the exploration, development, production, and processing of iron ore, metallurgical coal, and copper. It operates through the following segments: Petroleum, Copper, Iron Ore, and Coal. The Petroleum segment explores, develops, and produces oil and gas. The Copper segment refers to the mining of copper, silver, lead, zinc, molybdenum, uranium, and gold. The Iron Ore segment consist of iron ore. The Coal segment focuses on metallurgical coal and energy coal. The company was founded on August 13, 1885 and is headquartered in Melbourne, Australia.

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