BHP Group (LON:BHP) Stock Gets Price Target Trim from Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank cut BHP Group’s price target from GBX 3,050 to GBX 2,900 while maintaining a “hold” rating, implying 4.82% downside from the previous close.
• Analyst sentiment remains cautious: six analysts rate BHP a “Hold,” with a consensus target price of GBX 3,166.67.
• BHP shares opened at GBX 3,047, below their 50-day and 200-day moving averages, with a market capitalization of approximately £154.88 billion.

BHP Group (LON:BHP - Get Free Report) had its price objective reduced by equities researchers at Deutsche Bank Aktiengesellschaft from GBX 3,050 to GBX 2,900 in a research report issued on Wednesday, Digital Look reports. The firm currently has a "hold" rating on the stock. Deutsche Bank Aktiengesellschaft's price target indicates a potential downside of 4.82% from the stock's previous close.

A number of other brokerages have also recently commented on BHP. Berenberg Bank restated a "hold" rating and issued a GBX 3,500 price target on shares of BHP Group in a research report on Wednesday. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a GBX 2,900 price objective on shares of BHP Group in a research report on Monday, August 17th. Jefferies Financial Group reiterated a "hold" rating and set a GBX 3,350 price objective on shares of BHP Group in a research note on Tuesday, August 18th. JPMorgan Chase & Co. reduced their target price on shares of 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, Citigroup raised their target price on shares of BHP Group from GBX 3,250 to GBX 3,350 and gave the stock a "neutral" rating in a research note on Thursday, September 10th. Six research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of GBX 3,166.67.

BHP Group Trading Down 0.1%

BHP Group stock opened at GBX 3,047 on Wednesday. The business has a 50-day simple moving average of GBX 3,289.48 and a two-hundred day simple moving average of GBX 3,171.09. The company has a market cap of £154.88 billion, a P/E ratio of 15.77, a P/E/G ratio of -0.78 and a beta of 0.84. BHP Group has a 52-week low of GBX 1,971 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.

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