BHP Group (LON:BHP) Given New GBX 2,600 Price Target at JPMorgan Chase & Co.

BHP Group (LON:BHP) had its price target hoisted by equities researchers at JPMorgan Chase & Co. from GBX 2,500 to GBX 2,600 in a report released on Thursday,Digital Look reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential downside of 12.80% from the company’s previous close.

BHP has been the subject of several other research reports. Citigroup increased their target price on BHP Group from GBX 2,800 to GBX 2,850 and gave the company a “neutral” rating in a research note on Monday, April 13th. Berenberg Bank upgraded BHP Group to a “hold” rating and decreased their target price for the company from GBX 2,600 to GBX 2,500 in a research note on Thursday, April 2nd. Four research analysts have rated the stock with a Hold rating, According to MarketBeat.com, BHP Group currently has an average rating of “Hold” and an average price target of GBX 2,462.50.

BHP Group Stock Performance

LON:BHP traded up GBX 20 during mid-day trading on Thursday, hitting GBX 2,981.50. 9,035,101 shares of the company’s stock traded hands, compared to its average volume of 4,047,887. The firm has a 50 day moving average of GBX 2,773.55 and a two-hundred day moving average of GBX 2,432.90. BHP Group has a 12 month low of GBX 1,686.50 and a 12 month high of GBX 3,079. The firm has a market capitalization of £151.41 billion, a price-to-earnings ratio of 14.81, a price-to-earnings-growth ratio of -0.78 and a beta of 0.80. The company has a current ratio of 1.65, a quick ratio of 1.37 and a debt-to-equity ratio of 62.55.

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. 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.