BHP Group (LON:BHP) Price Target Raised to GBX 2,300

BHP Group (LON:BHP) had its price target raised by JPMorgan Chase & Co. from GBX 2,100 to GBX 2,300 in a research note released on Wednesday, Marketbeat reports. They currently have 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 analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of GBX 2,033.33.

BHP Group Price Performance

Shares of BHP opened at GBX 2,217 on Wednesday. The company has a quick ratio of 1.37, a current ratio of 1.70 and a debt-to-equity ratio of 45.03. The stock has a market cap of £112.58 billion, a PE ratio of 12.50, a PEG ratio of -0.78 and a beta of 0.84. BHP Group has a 12-month low of GBX 1,559.50 and a 12-month high of GBX 2,242. The business has a 50-day simple moving average of GBX 2,099.97 and a two-hundred day simple moving average of GBX 1,976.17.

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.