BHP Group Limited (LON:BHP) Stock Has Consensus Target Price of GBX 3,166.67

BHP Group Limited (LON:BHP) has received an average recommendation of “Hold” from the six analysts that are currently covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is GBX 3,166.67.

A number of research firms have weighed in on BHP. Deutsche Bank Aktiengesellschaft decreased their target price on shares of BHP Group from GBX 3,050 to GBX 2,900 and set a “hold” rating on the stock in a research note on Wednesday, October 21st. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 2,900 price target on shares of BHP Group in a research note on Monday, August 17th. Berenberg Bank reissued a “hold” rating and set a GBX 3,500 price objective on shares of BHP Group in a report on Wednesday, October 21st. Jefferies Financial Group reissued a “hold” rating and set a GBX 3,350 price objective on shares of BHP Group in a report on Tuesday, August 18th. 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 report on Thursday, September 10th.

BHP Group Price Performance

BHP stock opened at GBX 3,054 on Monday. The stock has a market cap of £155.23 billion, a price-to-earnings ratio of 15.81, a P/E/G ratio of -0.78 and a beta of 0.84. The company has a debt-to-equity ratio of 53.26, a current ratio of 1.88 and a quick ratio of 1.37. The company has a 50 day simple moving average of GBX 3,179.98 and a 200 day simple moving average of GBX 3,037.93. BHP Group has a 1 year low of GBX 1,971 and a 1 year high of GBX 3,589.

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.