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BHP Group (BHP) Stock Forecast & Price Target

$55.65
-0.47 (-0.84%)
(As of 07/19/2024 ET)

BHP Group - Analysts' Recommendations 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.

Consensus Rating

Based on 5 Wall Street analysts who have issued ratings for BHP Group in the last 12 months, the stock has a consensus rating of "Hold." Out of the 5 analysts, 4 have given a hold rating, and 1 has given a buy rating for BHP.

Consensus Price Target

$50.00
-10.15% Downside
High Forecast$50.00
Average Forecast$50.00
Low Forecast$50.00

According to the 5 analysts' twelve-month price targets for BHP Group, the average price target is $50.00. The highest price target for BHP is $50.00, while the lowest price target for BHP is $50.00. The average price target represents a forecasted downside of -10.15% from the current price of $55.65.

TypeCurrent Forecast
7/21/23 to 7/20/24
1 Month Ago
6/21/23 to 6/20/24
3 Months Ago
4/22/23 to 4/21/24
1 Year Ago
7/21/22 to 7/21/23
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
1 Buy rating(s)
2 Buy rating(s)
3 Buy rating(s)
4 Buy rating(s)
Hold
4 Hold rating(s)
6 Hold rating(s)
5 Hold rating(s)
4 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$50.00$50.00$50.00N/A
Forecasted Upside-10.15% Downside-10.97% Downside-10.97% DownsideN/A
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BHP Analyst Recommendations 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.
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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.
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BHP Group Stock vs. The Competition

TypeBHP GroupBasic Materials CompaniesS&P 500
Consensus Rating Score
2.20
2.63
2.51
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside-10.15% Downside386.49% Upside10.03% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/31/2024Citigroup
3 of 5 stars
 Initiated CoverageBuy ➝ Buy
5/30/2024Barclays
2 of 5 stars
 Reiterated RatingEqual Weight
3/5/2024Liberum Capital
2 of 5 stars
 Reiterated RatingBuy ➝ Hold
10/5/2023UBS Group
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 UpgradeSell ➝ Neutral
9/25/2023Sanford C. Bernstein
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 DowngradeOutperform ➝ Market Perform
9/13/2023JPMorgan Chase & Co.
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 Boost Target$47.00 ➝ $50.00-10.97%
7/7/2023Berenberg Bank
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 DowngradeBuy ➝ Hold
6/28/2023BNP Paribas
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 UpgradeUnderperform ➝ Neutral
5/3/2023The Goldman Sachs Group
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 UpgradeNeutral ➝ Buy
4/5/2023CLSA
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 UpgradeUnderperform ➝ Outperform
1/10/2023Deutsche Bank Aktiengesellschaft
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 Boost TargetGBX 2,200 ➝ GBX 2,300
11/23/2022Bank of America
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 UpgradeNeutral ➝ Buy
8/17/2022Credit Suisse Group
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 Boost TargetGBX 2,200 ➝ GBX 2,300

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 07:11 PM ET.

BHP Forecast - Frequently Asked Questions

What is BHP Group's forecast for 2024?

According to the research reports of 5 Wall Street equities research analysts, the average twelve-month stock price forecast for BHP Group is $50.00, with a high forecast of $50.00 and a low forecast of $50.00.

Should I buy or sell BHP Group stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for BHP Group in the last year. There are currently 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" BHP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BHP, but not buy additional shares or sell existing shares.

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 research analysts at Barclays, and Citigroup in the past 90 days.

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.


This page (NYSE:BHP) was last updated on 7/20/2024 by MarketBeat.com Staff

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