JPMorgan Chase & Co. Forecasts Strong Price Appreciation for BHP Group (LON:BHP) Stock

BHP Group (LON:BHP) had its price objective increased by research analysts at JPMorgan Chase & Co. from GBX 2,100 to GBX 2,300 in a research note issued on Wednesday, MarketBeat.com reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 4.78% from the company’s previous close.

Separately, Berenberg Bank reissued a “sell” rating and issued a GBX 1,900 price target on shares of BHP Group in a report on Wednesday, October 22nd. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, BHP Group currently has a consensus rating of “Reduce” and an average price target of GBX 2,033.33.

BHP Group Trading Up 1.2%

BHP Group stock opened at GBX 2,195 on Wednesday. The company has a debt-to-equity ratio of 45.03, a quick ratio of 1.37 and a current ratio of 1.70. The business’s 50-day simple moving average is GBX 2,096.51 and its 200-day simple moving average is GBX 1,973.84. The firm has a market capitalization of £111.47 billion, a PE ratio of 12.37, a PEG ratio of -0.78 and a beta of 0.84. BHP Group has a 52 week low of GBX 1,559.50 and a 52 week high of GBX 2,228.

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.