JPMorgan Chase & Co. Cuts BHP Group (LON:BHP) Price Target to GBX 2,100

BHP Group (LON:BHP) had its target price reduced by JPMorgan Chase & Co. from GBX 2,200 to GBX 2,100 in a research report released on Thursday morning, MarketBeat Ratings reports. They currently have a neutral rating on the stock.

A number of other analysts have also commented on BHP. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 1,900 price objective on shares of BHP Group in a research note on Monday, July 21st. Berenberg Bank reissued a “sell” rating and set a GBX 1,900 price target on shares of BHP Group in a research note on Wednesday. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of GBX 1,966.67.

BHP Group Price Performance

Shares of LON:BHP opened at GBX 2,100 on Thursday. The business’s fifty day moving average price is GBX 2,040.74 and its two-hundred day moving average price is GBX 1,911.24. The stock has a market cap of £106.64 billion, a PE ratio of 11.84, a price-to-earnings-growth ratio of -0.78 and a beta of 0.84. The company has a debt-to-equity ratio of 45.03, a quick ratio of 1.37 and a current ratio of 1.70. BHP Group has a one year low of GBX 1,559.50 and a one year high of GBX 2,254.

About BHP Group

We are a world-leading resources company, focused on the resources the world needs to grow and decarbonise. Copper for renewable energy. Potash for sustainable farming. Iron ore and metallurgical coal for the steel needed for global infrastructure and the energy transition.

A resources mix for today and for the future.

Our strategy is to deliver long-term value and returns through the cycle.