BHP Group Limited (LON:BHP) Stock Has Consensus Target Price of GBX 3,116.67 According to Analysts

BHP Group Limited (LON:BHP) has been assigned an average recommendation of “Hold” from the six research firms that are presently covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is GBX 3,116.67.

Several equities analysts have commented on the stock. JPMorgan Chase & Co. decreased their target price on shares of BHP Group from GBX 3,400 to GBX 3,000 and set a “neutral” rating on the stock in a report on Friday, July 10th. Berenberg Bank reiterated a “hold” rating and issued a GBX 3,400 price target on shares of BHP Group in a research note on Wednesday, August 19th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 3,350 price target on shares of BHP Group in a report on Tuesday, August 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 2,700 target price on shares of BHP Group in a report on Wednesday, August 19th. Finally, Citigroup raised their price target on shares of BHP Group from GBX 3,250 to GBX 3,350 and gave the company a “neutral” rating in a research note on Thursday, September 10th.

BHP Group Trading Up 2.3%

LON:BHP opened at GBX 3,261 on Thursday. The business’s 50-day simple moving average is GBX 3,306.80 and its 200-day simple moving average is GBX 3,141.73. The company has a debt-to-equity ratio of 53.26, a current ratio of 1.88 and a quick ratio of 1.37. The stock has a market capitalization of £165.76 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of -0.78 and a beta of 0.84. BHP Group has a fifty-two week low of GBX 1,971 and a fifty-two week high of GBX 3,589.

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.