BHP Group (LON:BHP) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

BHP Group (LON:BHP) had its price target increased by investment analysts at JPMorgan Chase & Co. from GBX 2,300 to GBX 2,400 in a report released on Wednesday,Digital Look reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential downside of 2.32% from the stock’s previous close.

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

BHP Group Price Performance

Shares of LON BHP traded up GBX 87 during trading on Wednesday, hitting GBX 2,457. 92,927,727 shares of the company were exchanged, compared to its average volume of 7,907,321. The company has a debt-to-equity ratio of 45.03, a current ratio of 1.70 and a quick ratio of 1.37. BHP Group has a 1 year low of GBX 1,559.50 and a 1 year high of GBX 2,482. The company has a market cap of £124.77 billion, a price-to-earnings ratio of 13.85, a PEG ratio of -0.78 and a beta of 0.84. The firm’s fifty day moving average price is GBX 2,220.57 and its 200 day moving average price is GBX 2,088.67.

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.