BHP Group Limited (LON:BHP) Stock Has Consensus Target Price of GBX 3,166.67 According to Brokerages

Key Points

• Broker consensus on BHP Group is “Hold”: All six covering analysts have issued hold or neutral ratings, with an average 12-month price target of GBX 3,166.67.
• Recent analyst targets range from GBX 2,900 at Deutsche Bank to GBX 3,500 at Berenberg Bank, reflecting mixed revisions to BHP’s outlook.
• BHP shares opened at GBX 2,957, with a market capitalization of approximately £150.3 billion; the stock’s 52-week range is GBX 1,971 to GBX 3,589.

BHP Group Limited (LON:BHP - Get Free Report) has been assigned a consensus rating of "Hold" from the six brokerages that are currently covering the firm, Marketbeat.com 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 3,166.67.

BHP has been the topic of a number of research reports. Berenberg Bank reaffirmed a "hold" rating and set a GBX 3,500 price target on shares of BHP Group in a research note on Wednesday, October 21st. JPMorgan Chase & Co. dropped their price objective on 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. Jefferies Financial Group restated a "hold" rating and issued a GBX 3,350 price objective on shares of BHP Group in a report on Tuesday, August 18th. Citigroup raised their price objective 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. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of BHP Group from GBX 3,050 to GBX 2,900 and set a "hold" rating on the stock in a research note on Wednesday, October 21st.

BHP Group Stock Up 0.1%

BHP Group stock opened at GBX 2,957 on Monday. BHP Group has a 1-year low of GBX 1,971 and a 1-year high of GBX 3,589. The company has a market cap of £150.30 billion, a P/E ratio of 15.31, a price-to-earnings-growth ratio of -0.78 and a beta of 0.84. The company has a fifty day simple moving average of GBX 3,238.02 and a 200 day simple moving average of GBX 3,024.26. The company has a current ratio of 1.88, a quick ratio of 1.37 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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