Credit Suisse Remains a Hold on BHP Group Ltd (BHPLF)

In a report released today, Saul Kavonic from Credit Suisse reiterated a Hold rating on BHP Group Ltd (BHPLFResearch Report), with a price target of p2,600.00. The company’s shares opened today at $34.16.

According to TipRanks, Kavonic is a 4-star analyst with an average return of 6.4% and a 54.12% success rate. Kavonic covers the Basic Materials sector, focusing on stocks such as Rio Tinto Limited, BHP Group Ltd, and Syrah Resources.

In addition to Credit Suisse, BHP Group Ltd also received a Hold from Barclays’s Amos Fletcher in a report issued today. However, yesterday, Bank of America Securities maintained a Buy rating on BHP Group Ltd (Other OTC: BHPLF).

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BHPLF market cap is currently $172.1B and has a P/E ratio of 7.55.

Based on the recent corporate insider activity of 25 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.

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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