BHP Group (LON:BHP) Given New GBX 2,100 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has lowered its price target for BHP Group from GBX 2,200 to GBX 2,100, indicating a potential downside of 0.24%.
• Berenberg Bank has reissued a sell rating with a price target of GBX 1,900, while Deutsche Bank also maintains a hold rating with the same price target.
• BHP Group's current consensus rating is "Reduce" with an average target price of GBX 1,966.67 among analysts.

BHP Group (LON:BHP - Get Free Report) had its price objective cut by research analysts at JPMorgan Chase & Co. from GBX 2,200 to GBX 2,100 in a report issued on Thursday, MarketBeat Ratings reports. The firm presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price objective indicates a potential downside of 0.24% from the stock's previous close.

Other equities analysts also recently issued reports about the stock. Berenberg Bank reissued a "sell" rating and set a GBX 1,900 price target on shares of BHP Group in a report on Wednesday. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a GBX 1,900 price target on shares of BHP Group in a report on Monday, July 21st. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus target price of GBX 1,966.67.

BHP Group Stock Performance

LON BHP traded up GBX 21 during midday trading on Thursday, hitting GBX 2,105. The company had a trading volume of 479,137 shares, compared to its average volume of 1,449,542. 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 firm has a fifty day simple moving average of GBX 2,036.54 and a two-hundred day simple moving average of GBX 1,903.25. BHP Group has a fifty-two week low of GBX 1,559.50 and a fifty-two week high of GBX 2,254. The stock has a market cap of £106.90 billion, a price-to-earnings ratio of 11.87, a P/E/G ratio of -0.78 and a beta of 0.84.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.