BHP Group (LON:BHP) Price Target Raised to £350 at Citigroup

BHP Group (LON:BHP) had its price target upped by investment analysts at Citigroup from £290 to £350 in a report released on Monday,Digital Look reports. The firm currently has a “neutral” rating on the stock.

Other research analysts have also issued reports about the company. JPMorgan Chase & Co. raised BHP Group to a “neutral” rating and raised their target price for the stock from GBX 2,600 to GBX 3,400 in a research report on Tuesday, May 26th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 2,500 target price on shares of BHP Group in a research report on Thursday, April 23rd. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, BHP Group currently has an average rating of “Hold” and a consensus price target of £107.

BHP Group Trading Up 0.1%

LON BHP opened at GBX 3,131 on Monday. The company has a quick ratio of 1.37, a current ratio of 1.65 and a debt-to-equity ratio of 62.55. BHP Group has a twelve month low of GBX 1,686.50 and a twelve month high of GBX 3,477. The company has a market cap of £159.08 billion, a price-to-earnings ratio of 15.55, a price-to-earnings-growth ratio of -0.78 and a beta of 0.80. The business’s fifty day moving average is GBX 3,013.42 and its 200 day moving average is GBX 2,652.21.

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.