JPMorgan Chase & Co. Issues Positive Forecast for BHP Group (LON:BHP) Stock Price

BHP Group (LON:BHP) had its target price boosted by JPMorgan Chase & Co. from GBX 2,300 to GBX 2,400 in a research note issued to investors on Wednesday, MarketBeat Ratings reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Separately, Berenberg Bank restated a “sell” rating and issued a GBX 1,900 target price on shares of BHP Group in a report on Wednesday, October 22nd. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of GBX 2,100.

BHP Group Trading Up 3.7%

Shares of BHP stock opened at GBX 2,457 on Wednesday. The firm has a market capitalization of £124.77 billion, a PE ratio of 13.85, a price-to-earnings-growth ratio of -0.78 and a beta of 0.84. The stock has a fifty day moving average of GBX 2,226.89 and a two-hundred day moving average of GBX 2,091.25. BHP Group has a 1 year low of GBX 1,559.50 and a 1 year high of GBX 2,482. The company has a debt-to-equity ratio of 45.03, a quick ratio of 1.37 and a current ratio of 1.70.

Key BHP Group News

Here are the key news stories impacting BHP Group this week:

• Positive Sentiment: JPMorgan raised its price target on BHP from GBX 2,300 to GBX 2,400 (maintaining a “neutral” rating), giving investors a higher valuation anchor that supports upside interest. Digital Look broker ratings
• Positive Sentiment: BHP boosted copper guidance, which could underpin near-term cash flow and offset some commodity headwinds—positive for earnings outlook. Sharecast: BHP confirms higher potash costs, boosts copper guidance
• Positive Sentiment: A former BHP executive is set to become Chile’s mining minister, which may ease regulatory relations and help BHP operations/exposure in Chile — a constructive governance/deal-making signal. Mining.com: Former BHP executive to be appointed Chile’s mining minister
• Neutral Sentiment: BHP reported record first‑half iron ore production and shipments, which supports volume-driven revenue, but management flagged pricing concessions as China demand/pricing dynamics weigh on realized prices. MarketWatch: BHP 1H Iron Ore Production, Shipments at Record High
• Negative Sentiment: Berenberg reiterated a “sell” rating with a GBX 2,000 target, which could apply downward pressure among cautious investors and contrasts with the JPMorgan uplift. Digital Look broker ratings
• Negative Sentiment: Major cost and project issues at the Jansen potash project — described as a “blowout” with higher costs — are weighing on the stock as investors reassess capital spending, margins and timing for potash value realization. Financial Post: BHP’s potash blowout overshadows Australia iron ore record Moneyweb: Jansen Stage 1 Potash Project update

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.