BHP Group (BHP) Given New GBX 1,940 Price Target at HSBC

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BHP Group (LON:BHP) had its target price increased by investment analysts at HSBC from GBX 1,765 ($23.06) to GBX 1,940 ($25.35) in a note issued to investors on Tuesday, ThisIsMoney.Co.Uk reports. The brokerage currently has a “hold” rating on the stock. HSBC’s price target points to a potential upside of 2.03% from the stock’s previous close.

A number of other equities research analysts have also recently commented on the stock. JPMorgan Chase & Co. set a GBX 1,940 ($25.35) price target on shares of BHP Group and gave the stock a “sell” rating in a report on Friday, March 29th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a GBX 1,625 ($21.23) price target on shares of BHP Group in a report on Monday, March 4th. Liberum Capital reiterated a “sell” rating and issued a GBX 1,300 ($16.99) price objective on shares of BHP Group in a research note on Thursday, February 28th. Canaccord Genuity reiterated a “hold” rating and issued a GBX 1,600 ($20.91) price objective on shares of BHP Group in a research note on Tuesday, February 19th. Finally, Goldman Sachs Group set a GBX 1,800 ($23.52) price objective on shares of BHP Group and gave the company a “neutral” rating in a research note on Tuesday, February 12th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 1,767.81 ($23.10).

LON:BHP opened at GBX 1,901.40 ($24.85) on Tuesday. The company has a current ratio of 2.55, a quick ratio of 2.13 and a debt-to-equity ratio of 48.30. The company has a market capitalization of $40.16 billion and a P/E ratio of 18.57. BHP Group has a 12 month low of GBX 1,486.60 ($19.43) and a 12 month high of GBX 1,950 ($25.48).

About BHP Group

BHP Group discovers, acquires, develops, and markets natural resources worldwide. The company engages in the exploration, development, and production of oil and gas properties; and mining of copper, silver, lead, zinc, molybdenum, uranium, gold, and iron ores, as well as metallurgical and energy coal.

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