BHP Group Limited (LON:BHP) Receives GBX 2,700 Consensus Price Target from Brokerages

BHP Group Limited (LON:BHP) has been assigned an average recommendation of “Hold” from the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is GBX 2,700 ($33.95).

Several equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft lowered their price target on BHP Group from GBX 2,250 ($28.29) to GBX 2,100 ($26.40) and set a “hold” rating on the stock in a research report on Monday, September 9th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 2,000 ($25.14) target price on shares of BHP Group in a report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. upped their price target on shares of BHP Group from GBX 2,490 ($31.31) to GBX 2,580 ($32.44) and gave the company a “neutral” rating in a report on Friday, December 6th.

BHP Group Trading Down 1.6 %

BHP Group stock opened at GBX 1,956 ($24.59) on Thursday. BHP Group has a 12-month low of GBX 1,941.10 ($24.40) and a 12-month high of GBX 2,707.50 ($34.04). The stock has a market capitalization of £99.17 billion, a PE ratio of 1,643.70, a price-to-earnings-growth ratio of -0.78 and a beta of 0.84. The firm has a 50 day simple moving average of GBX 2,136.73 and a 200-day simple moving average of GBX 2,163.99. The company has a debt-to-equity ratio of 45.26, a current ratio of 1.70 and a quick ratio of 1.37.

BHP Group Company Profile

BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally. The company operates through Copper, Iron Ore, and Coal segments. It engages in the mining of copper, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.