BHP: UBS maintains 'buy' rating after share buyback

(CercleFinance.com) - UBS has maintained its "buy" rating on BHP, with a target price of 2,000 pence, after the global mining group said that it has completed its share buyback program.


"Cash returns are happening," the broker said in a note. "The 5 billion dollars off market buy-back is now complete and we expect a further 8 billion dollar to be paid out as dividends over the next three months," it added.

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