BHP Group (LON:BHP) Price Target Raised to GBX 2,400

BHP Group (LON:BHP) had its price target boosted by JPMorgan Chase & Co. from GBX 2,300 to GBX 2,400 in a report issued on Wednesday, Marketbeat Ratings reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Separately, Berenberg Bank reaffirmed a “sell” rating and set a GBX 1,900 price target on shares of BHP Group in a research report on Wednesday, October 22nd. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of GBX 2,100.

BHP Group Stock Up 2.1%

LON:BHP opened at GBX 2,465 on Wednesday. The company has a debt-to-equity ratio of 45.03, a current ratio of 1.70 and a quick ratio of 1.37. The company’s fifty day moving average price is GBX 2,240.08 and its 200-day moving average price is GBX 2,097.92. BHP Group has a 1-year low of GBX 1,559.50 and a 1-year high of GBX 2,482. The firm has a market capitalization of £125.18 billion, a P/E ratio of 13.90, a PEG ratio of -0.78 and a beta of 0.84.

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.