BHP Group (LON:BHP) Given New GBX 3,000 Price Target at JPMorgan Chase & Co.

BHP Group (LON:BHP) had its price target lowered by JPMorgan Chase & Co. from GBX 3,400 to GBX 3,000 in a research note published on Friday, Marketbeat Ratings reports. The firm currently has a neutral rating on the stock.

BHP has been the subject of a number of other reports. Citigroup lifted their price objective on BHP Group from £290 to £350 and gave the company a “neutral” rating in a research note on Monday, June 8th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 3,350 target price on shares of BHP Group in a report on Monday, July 6th. Finally, Berenberg Bank reissued a “hold” rating and set a GBX 2,500 target price on shares of BHP Group in a research note on Thursday, April 23rd. Five investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of GBX 9,150.

BHP Group Price Performance

Shares of BHP opened at GBX 3,058 on Friday. BHP Group has a 1-year low of GBX 1,769.23 and a 1-year high of GBX 3,495. The company has a debt-to-equity ratio of 62.55, a current ratio of 1.65 and a quick ratio of 1.37. The firm has a 50-day simple moving average of GBX 3,170.86 and a two-hundred day simple moving average of GBX 2,826.54. The stock has a market cap of £155.37 billion, a PE ratio of 15.19, a P/E/G ratio of -0.78 and a beta of 0.83.

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.