BHP Group Limited (LON:BHP) Receives GBX 8,391.67 Consensus Price Target from Analysts

BHP Group Limited (LON:BHP) has received an average rating of “Hold” from the six brokerages that are currently covering the company, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation. The average 12 month price objective among analysts that have issued a report on the stock in the last year is GBX 8,391.67.

A number of brokerages have weighed in on BHP. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 3,400 target price on shares of BHP Group in a report on Wednesday, August 19th. Citigroup boosted their price target on BHP Group from £290 to £350 and gave the stock a “neutral” rating in a report on Monday, June 8th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 2,700 price objective on shares of BHP Group in a research report on Wednesday, August 19th. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 3,350 price objective on shares of BHP Group in a research note on Tuesday, August 18th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 2,900 target price on shares of BHP Group in a research report on Monday, August 17th.

BHP Group Stock Down 0.2%

Shares of BHP opened at GBX 3,566 on Wednesday. The firm has a 50 day simple moving average of GBX 3,189.96 and a two-hundred day simple moving average of GBX 3,017.18. The company has a debt-to-equity ratio of 53.26, a current ratio of 1.88 and a quick ratio of 1.37. BHP Group has a one year low of GBX 1,918 and a one year high of GBX 3,589. The company has a market cap of £181.18 billion, a P/E ratio of 17.71, a P/E/G ratio of -0.78 and a beta of 0.84.

BHP Group Company Profile

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. We aim to do this through owning a portfolio of world class assets with exposure to highly attractive commodities that benefit from the mega-trends playing out in the world around us, by operating them exceptionally well, by maintaining a disciplined approach to capital allocation and through being industry leaders in sustainability and the creation of social value.

We are a global business with over 9,000 suppliers around the world, many of which are small to medium-sized businesses that are local to our assets.