Berenberg Bank Forecasts Strong Price Appreciation for BHP Group (LON:BHP) Stock

BHP Group (LON:BHP) had its price target upped by investment analysts at Berenberg Bank from GBX 2,300 to GBX 2,600 in a research report issued to clients and investors on Thursday, MarketBeat.com reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price target would indicate a potential downside of 3.70% from the company’s current price.

Separately, JPMorgan Chase & Co. lifted their price target on shares of BHP Group from GBX 2,300 to GBX 2,400 and gave the company a “neutral” rating in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, BHP Group currently has an average rating of “Hold” and an average target price of GBX 2,300.

BHP Group Stock Down 2.8%

Shares of LON BHP opened at GBX 2,700 on Thursday. The stock has a market capitalization of £137.11 billion, a price-to-earnings ratio of 13.41, a price-to-earnings-growth ratio of -0.78 and a beta of 0.74. BHP Group has a 52 week low of GBX 1,559.50 and a 52 week high of GBX 3,079. The firm has a 50-day moving average price of GBX 2,587.08 and a 200 day moving average price of GBX 2,264.63. The company has a quick ratio of 1.37, a current ratio of 1.65 and a debt-to-equity ratio of 62.55.

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.