BHP Group Limited (LON:BHP) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• BHP Group has a consensus “Hold” rating from six analysts, all of whom currently rate the stock as a hold or equivalent. The average 12-month price target is GBX 3,116.67.
• Broker price targets range from GBX 2,700 to GBX 3,400, with JPMorgan recently cutting its target from GBX 3,400 to GBX 3,000 while maintaining a neutral rating.
• BHP shares opened at GBX 3,228 and were down 0.7%, with a market capitalization of approximately £164.08 billion and a 12-month trading range of GBX 1,918 to GBX 3,589.

BHP Group Limited (LON:BHP - Get Free Report) has been assigned an average rating of "Hold" from the six research firms that are presently covering the stock, MarketBeat reports. Six analysts have rated the stock with a hold rating. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is GBX 3,116.67.

Several equities analysts have issued reports on BHP shares. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a GBX 2,700 target price on shares of BHP Group in a research note on Wednesday, August 19th. Jefferies Financial Group restated a "hold" rating and issued a GBX 3,350 price target on shares of BHP Group in a report on Tuesday, August 18th. JPMorgan Chase & Co. reduced their price objective on shares of BHP Group from GBX 3,400 to GBX 3,000 and set a "neutral" rating for the company in a research note on Friday, July 10th. Berenberg Bank reissued a "hold" rating and set a GBX 3,400 target price on shares of BHP Group in a research report on Wednesday, August 19th. Finally, Royal Bank Of Canada reissued a "sector perform" rating and set a GBX 2,900 target price on shares of BHP Group in a research report on Monday, August 17th.

BHP Group Trading Down 0.7%

BHP opened at GBX 3,228 on Friday. The firm has a market cap of £164.08 billion, a price-to-earnings ratio of 16.71, a PEG ratio of -0.78 and a beta of 0.84. The company has a current ratio of 1.88, a quick ratio of 1.37 and a debt-to-equity ratio of 53.26. BHP Group has a 12 month low of GBX 1,918 and a 12 month high of GBX 3,589. The stock has a fifty day moving average price of GBX 3,259.14 and a 200-day moving average price of GBX 3,081.68.

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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