Analysts Set BHP Group Limited (LON:BHP) Target Price at GBX 9,150

BHP Group Limited (LON:BHP) has earned an average recommendation of “Hold” from the six research firms that are covering the firm, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating. The average 1-year target price among analysts that have covered the stock in the last year is GBX 9,150.

A number of research firms recently weighed in on BHP. JPMorgan Chase & Co. reduced their price objective on BHP Group from GBX 3,400 to GBX 3,000 and set a “neutral” rating for the company in a research report on Friday, July 10th. Jefferies Financial Group reissued a “hold” rating and issued a GBX 3,350 target price on shares of BHP Group in a report on Monday, July 6th. Citigroup increased their target price on BHP Group from £290 to £350 and gave the stock a “neutral” rating in a research note on Monday, June 8th. Royal Bank Of Canada restated a “sector perform” rating on shares of BHP Group in a report on Friday. Finally, Berenberg Bank reaffirmed a “hold” rating and issued a GBX 2,500 price target on shares of BHP Group in a research report on Thursday, April 23rd.

BHP Group Stock Performance

Shares of BHP opened at GBX 3,002 on Friday. The company has a quick ratio of 1.37, a current ratio of 1.65 and a debt-to-equity ratio of 62.55. The business’s 50 day moving average price is GBX 3,177.82 and its 200-day moving average price is GBX 2,859.64. BHP Group has a 52 week low of GBX 1,769.23 and a 52 week high of GBX 3,495. The stock has a market cap of £152.52 billion, a P/E ratio of 14.91, a P/E/G ratio of -0.78 and a beta of 0.83.

Key BHP Group News

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

• Positive Sentiment: BHP benefited from stronger iron ore pricing and record-high iron ore output, which helps offset some weakness in other parts of the business. BHP wins higher quarterly iron ore prices, overcoming China’s buying curbs
• Positive Sentiment: BHP said it remains confident in longer-term growth opportunities despite warning about lower copper output ahead, suggesting management is not changing its broader strategic outlook. BHP confident of group’s future growth opportunities, despite warning of lower 2027 copper output
• Neutral Sentiment: Royal Bank of Canada reaffirmed its “sector perform” rating on BHP, which signals a cautious but not bearish stance from analysts. BHP Group had its “sector perform” rating reaffirmed by Royal Bank Of Canada
• Neutral Sentiment: Macquarie’s latest view on BHP is in focus, but the headline does not indicate a major upgrade or downgrade that would clearly change the near-term outlook. Does Macquarie rate BHP shares a buy, hold or sell right now?
• Negative Sentiment: BHP reported a 5% drop in quarterly copper output and warned of further declines in Chile, raising concerns about near-term earnings from its copper division. BHP copper output slips 5% in Q4, flags further decline in Chile
• Negative Sentiment: BHP warned copper output could fall further on lower grades, reinforcing concerns about operational headwinds in a key commodity business. BHP warns copper output to fall on lower grades
• Negative Sentiment: Workers staged a strike at Port Hedland, creating a potential disruption risk for iron ore supply chains. BHP Group workers stage first Port Hedland strike since 2000, threatening iron ore supply chains

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.