BHP Group (BHP) Stock Forecast & Price Target

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$59.06

+0.50 (+0.85%)

(As of 04/15/2024 ET)

BHP Group Consensus Analyst Rating and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Hold
Based on 8 Analyst Ratings

Analysts' Consensus Price Target

$50.00
-15.35% Downside

High Forecast	$50.00
Average Forecast	$50.00
Low Forecast	$50.00

Type	Current Forecast 4/17/23 to 4/16/24	1 Month Ago 3/18/23 to 3/17/24	3 Months Ago 1/17/23 to 1/17/24	1 Year Ago 4/17/22 to 4/17/23
Consensus Rating	Hold	Hold	Hold	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	4 Buy rating(s)	3 Buy rating(s)	5 Buy rating(s)
Hold	5 Hold rating(s)	5 Hold rating(s)	6 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$50.00	$50.00	$50.00	$82.00
Predicted Upside	-15.35% Downside	-10.97% Downside	-10.97% Downside	45.60% Upside

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BHP Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

BHP Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

BHP Group Stock vs. The Competition

Type	BHP Group	Basic Materials Companies	S&P 500
Consensus Rating Score	2.38	2.58	2.49
Consensus Rating	Hold	Moderate Buy	Hold
Predicted Upside	-15.35% Downside	400.59% Upside	11.20% Upside
News Sentiment Rating	Neutral News	Neutral News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

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Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
3/14/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy
3/5/2024	Liberum Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Hold
10/5/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sell ➝ Neutral
9/25/2023	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform
9/13/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$47.00 ➝ $50.00	-10.97%
7/7/2023	Berenberg Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold
6/28/2023	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Underperform ➝ Neutral
5/3/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 07:22 AM ET.

BHP Price Target - Frequently Asked Questions

What is BHP Group's consensus rating and price target?: According to the issued ratings of 8 analysts in the last year, the consensus rating for BHP Group stock is Hold based on the current 5 hold ratings and 3 buy ratings for BHP. The average twelve-month price prediction for BHP Group is $50.00 with a high price target of $50.00 and a low price target of $50.00. Learn more on BHP's analyst rating history.
Do Wall Street analysts like BHP Group more than its competitors?: Analysts like BHP Group less than other Basic Materials companies. The consensus rating for BHP Group is Hold while the average consensus rating for basic materials companies is Moderate Buy. Learn more on how BHP compares to other companies.
Is BHP Group being upgraded by Wall Street analysts?: Over the previous 90 days, BHP Group's stock had 1 upgrade by analysts.

Does BHP Group's stock price have much downside?: According to analysts, BHP Group's stock has a predicted downside of -10.97% based on their 12-month stock forecasts.
What analysts cover BHP Group?: BHP Group has been rated by Citigroup, and Liberum Capital in the past 90 days.

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This page (NYSE:BHP) was last updated on 4/16/2024 by MarketBeat.com Staff

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BHP Group (BHP) Stock Forecast & Price Target

BHP Group Consensus Analyst Rating and Stock Price Forecast (2024)

Analysts' Consensus Rating

Analysts' Consensus Price Target

BHP Analyst Ratings By Month

BHP Price Targets by Month

BHP Group Stock vs. The Competition

Recent Analyst Ratings and Stock Forecasts

BHP Price Target - Frequently Asked Questions

Stock Ratings Reports and Tools

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