New Buy Rating for BHP Group Ltd (BHPLF), the Basic Materials Giant

Berenberg Bank analyst Richard Hatch upgraded BHP Group Ltd (BHPLFResearch Report) to a Buy on January 27 and set a price target of p3,000.00. The company’s shares closed last Friday at $34.60.

According to TipRanks, Hatch is a 4-star analyst with an average return of 5.1% and a 53.91% success rate. Hatch covers the Basic Materials sector, focusing on stocks such as BHP Group Ltd, Anglo American, and Centamin.

In addition to Berenberg Bank, BHP Group Ltd also received a Buy from Macquarie’s Hayden Bairstow in a report issued on January 19. However, on January 23, UBS maintained a Sell rating on BHP Group Ltd (Other OTC: BHPLF).

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BHPLF market cap is currently $178.3B and has a P/E ratio of 7.70.

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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