BHP Group Limited (LON:BHP) Stock Has Consensus Price Target of GBX 3,166.67 According to Analysts

BHP Group Limited (LON:BHP) has been assigned an average recommendation of “Hold” from the six research firms that are covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation. The average 12-month price target among brokers that have covered the stock in the last year is GBX 3,166.67.

BHP has been the topic of a number of recent research reports. JPMorgan Chase & Co. dropped their price objective on shares of BHP Group from GBX 3,400 to GBX 3,000 and set a “neutral” rating on the stock in a research note on Friday, July 10th. Jefferies Financial Group restated a “hold” rating and set a GBX 3,350 target price on shares of BHP Group in a report on Tuesday, August 18th. Berenberg Bank restated a “hold” rating and set a GBX 3,500 target price on shares of BHP Group in a report on Wednesday, October 21st. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 2,900 target price on shares of BHP Group in a research report on Monday, August 17th. Finally, Citigroup lifted their price target on BHP Group from GBX 3,250 to GBX 3,350 and gave the company a “neutral” rating in a report on Thursday, September 10th.

BHP Group Stock Up 0.9%

Shares of LON:BHP opened at GBX 2,945 on Monday. BHP Group has a 52-week low of GBX 1,971 and a 52-week high of GBX 3,589. The stock has a market cap of £149.69 billion, a P/E ratio of 15.24, a price-to-earnings-growth ratio of -0.78 and a beta of 0.84. The business’s 50 day moving average is GBX 3,202.52 and its 200 day moving average is GBX 3,032.10. The company has a quick ratio of 1.37, a current ratio of 1.88 and a debt-to-equity ratio of 53.26.

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. 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.