BHP Group (LON:BHP) Stock Price Expected to Rise, Berenberg Bank Analyst Says

BHP Group (LON:BHP) had its price objective raised by equities research analysts at Berenberg Bank from GBX 1,700 to GBX 1,900 in a research note issued on Wednesday, MarketBeat.com reports. The firm currently has a “sell” rating on the stock. Berenberg Bank’s target price indicates a potential downside of 10.12% from the company’s current price.

Other research analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 1,900 price target on shares of BHP Group in a research report on Monday, July 21st. JPMorgan Chase & Co. raised their price objective on BHP Group from GBX 2,130 to GBX 2,160 and gave the stock a “neutral” rating in a research note on Wednesday, August 20th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, BHP Group presently has a consensus rating of “Reduce” and an average target price of GBX 1,986.67.

BHP Group Stock Up 0.8%

LON:BHP opened at GBX 2,114 on Wednesday. BHP Group has a 12-month low of GBX 1,559.50 and a 12-month high of GBX 2,280. The company has a quick ratio of 1.37, a current ratio of 1.70 and a debt-to-equity ratio of 45.03. The firm has a market capitalization of £107.35 billion, a P/E ratio of 1,191.66, a P/E/G ratio of -0.78 and a beta of 0.84. The stock’s fifty day simple moving average is GBX 2,009.46 and its 200-day simple moving average is GBX 1,887.73.

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.