BHP Group (LON:BHP) Stock Gets Price Target Trim from Deutsche Bank Aktiengesellschaft

BHP Group (LON:BHP) had its target price cut by investment analysts at Deutsche Bank Aktiengesellschaft from GBX 3,050 to GBX 2,900 in a report released on Wednesday, Digital Look reports. The firm currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential downside of 4.82% from the stock’s current price.

A number of other analysts also recently weighed in on the stock. Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 2,900 target price on shares of BHP Group in a report on Monday, August 17th. JPMorgan Chase & Co. lowered their price target on shares of BHP Group from GBX 3,400 to GBX 3,000 and set a “neutral” rating for the company in a report on Friday, July 10th. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 3,350 price target on shares of BHP Group in a report on Tuesday, August 18th. Berenberg Bank reiterated a “hold” rating and issued a GBX 3,500 price target on shares of BHP Group in a research report on Wednesday. Finally, Citigroup boosted their price objective on 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. Six analysts have rated the stock with a Hold rating. According to MarketBeat, BHP Group presently has an average rating of “Hold” and an average price target of GBX 3,166.67.

BHP Group Price Performance

BHP Group stock opened at GBX 3,047 on Wednesday. BHP Group has a 52-week low of GBX 1,971 and a 52-week high of GBX 3,589. The company has a quick ratio of 1.37, a current ratio of 1.88 and a debt-to-equity ratio of 53.26. The firm’s fifty day moving average is GBX 3,289.48 and its 200 day moving average is GBX 3,171.09. The company has a market cap of £154.88 billion, a price-to-earnings ratio of 15.77, a PEG ratio of -0.78 and a beta of 0.84.

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.