Brokerages Set BHP Group (LON:BHP) Target Price at GBX 2,066

Share on StockTwits

BHP Group (LON:BHP) has been given a consensus recommendation of “Buy” by the twelve brokerages that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is GBX 2,066 ($26.99).

Several brokerages have recently issued reports on BHP. Barclays lowered their price target on BHP Group from GBX 2,460 ($32.14) to GBX 2,260 ($29.53) and set an “overweight” rating on the stock in a research report on Thursday, January 21st. JPMorgan Chase & Co. lifted their target price on BHP Group from GBX 2,510 ($32.79) to GBX 2,640 ($34.49) and gave the stock an “overweight” rating in a research report on Thursday, April 15th. Berenberg Bank initiated coverage on BHP Group in a research report on Thursday, February 4th. They set a “buy” rating and a GBX 2,000 ($26.13) target price on the stock. Citigroup reissued a “buy” rating on shares of BHP Group in a research report on Monday, February 8th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on BHP Group from GBX 2,050 ($26.78) to GBX 2,100 ($27.44) and gave the stock a “hold” rating in a research report on Monday, April 12th.

Shares of LON:BHP traded up GBX 12 ($0.16) during midday trading on Thursday, hitting GBX 2,196.50 ($28.70). The company’s stock had a trading volume of 3,734,796 shares, compared to its average volume of 4,407,718. The stock has a market capitalization of £111.08 billion and a price-to-earnings ratio of 22.16. The stock’s 50 day simple moving average is GBX 2,140.25 and its 200 day simple moving average is GBX 1,994.66. BHP Group has a fifty-two week low of GBX 1,300 ($16.98) and a fifty-two week high of GBX 2,408.50 ($31.47). The company has a debt-to-equity ratio of 43.73, a quick ratio of 1.07 and a current ratio of 1.42.

The business also recently disclosed a dividend, which was paid on Tuesday, March 23rd. Shareholders of record on Thursday, March 4th were issued a dividend of $1.01 per share. This represents a yield of 3.25%. This is an increase from BHP Group’s previous dividend of $0.55. The ex-dividend date was Thursday, March 4th. BHP Group’s payout ratio is presently 1.22%.

About BHP Group

BHP Group engages in the natural resources business in Australia, Europe, China, Japan, India, South Korea, rest of Asia, North America, South America, and internationally. It operates through Petroleum, Copper, Iron Ore, and Coal segments. The company engages in the exploration, development, and production of oil and gas properties; and mining of copper, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.

Featured Article: Why do analysts give a neutral rating?

Analyst Recommendations for BHP Group (LON:BHP)

Receive News & Ratings for BHP Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BHP Group and related companies with's FREE daily email newsletter.