BHP Group (LON:BHP) Upgraded by JPMorgan Chase & Co. to Neutral Rating

BHP Group (LON:BHP) was upgraded by research analysts at JPMorgan Chase & Co. to a “neutral” rating in a research report issued to clients and investors on Tuesday,London Stock Exchange reports. The brokerage currently has a GBX 3,400 target price on the stock, up from their prior target price of GBX 2,600. JPMorgan Chase & Co.‘s target price points to a potential upside of 6.62% from the company’s previous close.

Other research analysts have also recently issued reports about the company. Berenberg Bank reaffirmed a “hold” rating and set a GBX 2,500 price objective on shares of BHP Group in a research note on Thursday, April 23rd. Citigroup increased their target price on shares of BHP Group from GBX 2,800 to GBX 2,850 and gave the stock a “neutral” rating in a report on Monday, April 13th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of GBX 2,662.50.

BHP Group Stock Up 1.7%

Shares of LON:BHP opened at GBX 3,189 on Tuesday. The stock’s 50-day moving average price is GBX 2,883.68 and its 200-day moving average price is GBX 2,577.23. BHP Group has a 12-month low of GBX 1,686.50 and a 12-month high of GBX 3,365. The stock has a market capitalization of £162.02 billion, a P/E ratio of 15.84, a price-to-earnings-growth ratio of -0.78 and a beta of 0.80. The company has a current ratio of 1.65, a quick ratio of 1.37 and a debt-to-equity ratio of 62.55.

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.