BHP Group Limited (LON:BHP) Receives GBX 9,150 Average PT from Analysts

BHP Group Limited (LON:BHP) has received a consensus rating of “Hold” from the five brokerages that are covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation. The average 12-month price target among analysts that have covered the stock in the last year is £109.62.

A number of research analysts have recently weighed in on the company. JPMorgan Chase & Co. cut their price objective on 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. Citigroup upped their target price on BHP Group from £290 to £350 and gave the company a “neutral” rating in a research report on Monday, June 8th. Berenberg Bank reiterated a “hold” rating and issued a GBX 2,500 price target on shares of BHP Group in a report on Thursday, April 23rd. Jefferies Financial Group reissued a “hold” rating and set a GBX 3,350 price target on shares of BHP Group in a research report on Monday, July 6th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of BHP Group in a report on Friday, July 17th.

BHP Group Price Performance

Shares of BHP opened at GBX 3,096 on Friday. The firm has a market capitalization of £157.30 billion, a PE ratio of 15.38, a price-to-earnings-growth ratio of -0.78 and a beta of 0.83. The company has a debt-to-equity ratio of 62.55, a current ratio of 1.65 and a quick ratio of 1.37. BHP Group has a 1-year low of GBX 1,769.23 and a 1-year high of GBX 3,495. The company’s fifty day moving average price is GBX 3,171.56 and its 200-day moving average price is GBX 2,870.63.

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.