Analysts Set BHP Group Limited (LON:BHP) Price Target at GBX 3,116.67

by · The Markets Daily

Shares of BHP Group Limited (LON:BHP – Get Free Report) have received a consensus rating of “Hold” from the six brokerages that are covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating. The average twelve-month price objective among brokerages that have covered the stock in the last year is GBX 3,116.67.

Several equities research analysts recently weighed in on BHP shares. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 3,350 price target on shares of BHP Group in a research note on Tuesday, August 18th. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 2,900 price objective on shares of BHP Group in a research report on Monday, August 17th. JPMorgan Chase & Co. dropped 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 reaffirmed a “hold” rating and issued a GBX 3,400 target price on shares of BHP Group in a research report on Wednesday, August 19th. Finally, Citigroup increased their price target on shares of BHP Group from GBX 3,250 to GBX 3,350 and gave the stock a “neutral” rating in a research note on Thursday, September 10th.

View Our Latest Stock Analysis on BHP Group

BHP Group Stock Down 1.4%

Shares of LON:BHP opened at GBX 3,200 on Friday. BHP Group has a 52-week low of GBX 1,918 and a 52-week high of GBX 3,589. The firm has a market capitalization of £162.65 billion, a P/E ratio of 16.56, a P/E/G ratio of -0.78 and a beta of 0.84. The stock has a 50 day moving average price of GBX 3,275.82 and a 200-day moving average price of GBX 3,088.87. The company has a debt-to-equity ratio of 53.26, a quick ratio of 1.37 and a current ratio of 1.88.

About BHP Group

(Get Free Report)

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.

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