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

BHP Group (LON:BHP) had its price objective boosted by research analysts at Citigroup from GBX 3,250 to GBX 3,350 in a note issued to investors on Thursday, London Stock Exchange reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s target price would indicate a potential downside of 0.45% from the company’s previous close.

BHP has been the subject of a number of other research reports. Berenberg Bank reiterated a “hold” rating and issued a GBX 3,400 price objective on shares of BHP Group in a research note on Wednesday, August 19th. JPMorgan Chase & Co. lowered their target price on shares of BHP Group from GBX 3,400 to GBX 3,000 and set a “neutral” rating on the stock in a research report on Friday, July 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 2,700 target price on shares of BHP Group in a report on Wednesday, August 19th. Jefferies Financial Group reiterated a “hold” rating and set a GBX 3,350 price target on shares of BHP Group in a research note on Tuesday, August 18th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 2,900 price objective on shares of BHP Group in a research report on Monday, August 17th. Six analysts have rated the stock with a Hold rating, According to data from MarketBeat, BHP Group presently has a consensus rating of “Hold” and an average price target of GBX 3,116.67.

BHP Group Stock Down 1.1%

Shares of LON BHP opened at GBX 3,365 on Thursday. The business has a 50-day moving average price of GBX 3,254.30 and a 200 day moving average price of GBX 3,077.42. The stock has a market cap of £171.04 billion, a PE ratio of 17.42, a price-to-earnings-growth ratio of -0.78 and a beta of 0.84. The company has a quick ratio of 1.37, a current ratio of 1.88 and a debt-to-equity ratio of 53.26. BHP Group has a 52-week low of GBX 1,918 and a 52-week high of GBX 3,589.

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.