BHP Group (LON:BHP) Price Target Raised to GBX 2,850

Key Points

• Citigroup raised its price target on BHP to GBX 2,850 (from GBX 2,800) while maintaining a "neutral" rating, which implies roughly a 0.61% downside from the stock's prior close.
• Analyst consensus remains a Hold (four analysts) with an average price target of GBX 2,412.50, materially below the stock's recent open of GBX 2,867.50.
• BHP is trading near GBX 2,867.50 with a market cap of £145.62bn and valuation metrics including a P/E of 14.24, a 50-day MA of GBX 2,726.09 and a 200-day MA of GBX 2,386.72.

BHP Group (LON:BHP - Get Free Report) had its price objective boosted by research analysts at Citigroup from GBX 2,800 to GBX 2,850 in a report issued on Monday,Digital Look reports. The brokerage presently has a "neutral" rating on the stock. Citigroup's target price indicates a potential downside of 0.61% from the stock's previous close.

Several other brokerages have also recently weighed in on BHP. JPMorgan Chase & Co. raised their target price on BHP Group from GBX 2,300 to GBX 2,400 and gave the company a "neutral" rating in a research note on Wednesday, January 21st. Berenberg Bank raised BHP Group to a "hold" rating and decreased their target price for the company from GBX 2,600 to GBX 2,500 in a research note on Thursday, April 2nd. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of GBX 2,412.50.

BHP Group Trading Down 0.4%

LON:BHP opened at GBX 2,867.50 on Monday. BHP Group has a 1 year low of GBX 1,686.50 and a 1 year high of GBX 3,079. The stock has a market cap of £145.62 billion, a price-to-earnings ratio of 14.24, a PEG ratio of -0.78 and a beta of 0.80. The business has a fifty day moving average of GBX 2,726.09 and a 200-day moving average of GBX 2,386.72. The company has a debt-to-equity ratio of 62.55, a quick ratio of 1.37 and a current ratio of 1.65.

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.

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