BHP Group (LON:BHP) Given New GBX 2,850 Price Target at Citigroup

BHP Group (LON:BHP) had its price objective raised by Citigroup from GBX 2,800 to GBX 2,850 in a research report released on Monday,Digital Look reports. The firm currently has a neutral rating on the stock.

Several other equities analysts have also weighed in on BHP. JPMorgan Chase & Co. increased their price objective on shares of BHP Group from GBX 2,300 to GBX 2,400 and gave the company a “neutral” rating in a report on Wednesday, January 21st. Berenberg Bank upgraded shares of BHP Group to a “hold” rating and cut their price objective for the company from GBX 2,600 to GBX 2,500 in a report on Thursday, April 2nd. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of GBX 2,412.50.

BHP Group Trading Down 0.1%

Shares of LON BHP opened at GBX 2,875.50 on Monday. The company’s 50 day simple moving average is GBX 2,732.66 and its 200 day simple moving average is GBX 2,392.46. BHP Group has a fifty-two week low of GBX 1,686.50 and a fifty-two week high of GBX 3,079. The firm has a market capitalization of £146.02 billion, a P/E ratio of 14.28, a P/E/G ratio of -0.78 and a beta of 0.80. The company has a debt-to-equity ratio of 62.55, a current ratio of 1.65 and a quick ratio of 1.37.

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.