JPMorgan Chase & Co. Raises BHP Group (LON:BHP) Price Target to GBX 2,160

Key Points

• JPMorgan Chase & Co. has raised the price target for BHP Group from GBX 2,130 to GBX 2,160, indicating a potential upside of 8.95% from its current price.
• BHP Group currently holds a "neutral" rating from JPMorgan, while other analysts maintain a mixed outlook, with some rating it as a "hold" and one as a "sell".
• The company's shares opened at GBX 1,982.50 and have a 1-year price range between GBX 1,559.50 and GBX 2,382.

BHP Group (LON:BHP - Get Free Report) had its target price lifted by equities researchers at JPMorgan Chase & Co. from GBX 2,130 to GBX 2,160 in a research report issued on Wednesday, MarketBeat Ratings reports. The firm presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price objective would suggest a potential upside of 5.01% from the company's previous close.

Other equities analysts have also issued reports about the stock. Berenberg Bank lowered shares of BHP Group from a "hold" rating to a "sell" rating in a report on Wednesday, July 23rd. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a GBX 1,900 target price 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 issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Reduce" and a consensus target price of GBX 1,920.

BHP Group Stock Up 2.4%

Shares of BHP stock traded up GBX 49 during trading hours on Wednesday, hitting GBX 2,057. 1,106,350 shares of the company's stock traded hands, compared to its average volume of 1,336,574. The stock's fifty day simple moving average is GBX 1,890.31 and its two-hundred day simple moving average is GBX 1,874.59. BHP Group has a 12-month low of GBX 1,559.50 and a 12-month high of GBX 2,382. The stock has a market cap of £131.31 billion, a price-to-earnings ratio of 16.65, a PEG ratio of -0.78 and a beta of 0.84. The company has a quick ratio of 1.37, a current ratio of 1.70 and a debt-to-equity ratio of 45.03.

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.