BHP Group (LON:BHP) Price Target Raised to GBX 3,350

BHP Group (LON:BHP) had its price objective lifted by Citigroup from GBX 3,250 to GBX 3,350 in a research report released on Thursday morning, MarketBeat.com reports. The firm currently has a neutral rating on the stock.

A number of other analysts have also recently issued reports on BHP. Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 2,900 target price on shares of BHP Group in a research report on Monday, August 17th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 3,350 price target on shares of BHP Group in a research report on Tuesday, August 18th. Berenberg Bank reiterated a “hold” rating and issued a GBX 3,400 price objective on shares of BHP Group in a research note on Wednesday, August 19th. JPMorgan Chase & Co. decreased their price objective on BHP Group from GBX 3,400 to GBX 3,000 and set a “neutral” rating for the company in a report on Friday, July 10th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 2,700 target price on shares of BHP Group in a research report on Wednesday, August 19th. Six analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, BHP Group has an average rating of “Hold” and an average target price of GBX 3,116.67.

BHP Group Price Performance

LON:BHP opened at GBX 3,228 on Thursday. The stock’s 50-day moving average price is GBX 3,259.14 and its 200-day moving average price is GBX 3,081.68. The stock has a market capitalization of £164.08 billion, a PE ratio of 16.71, a price-to-earnings-growth ratio of -0.78 and a beta of 0.84. BHP Group has a 52 week low of GBX 1,918 and a 52 week high of GBX 3,589. 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.