BHP Group (LON:BHP) Given New GBX 4,500 Price Target at Royal Bank of Canada

BHP Group (LON:BHP) had its price target increased by equities researchers at Royal Bank of Canada from GBX 4,400 ($57.06) to GBX 4,500 ($58.36) in a research report issued on Thursday, MarketBeat Ratings reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective indicates a potential upside of 109.30% from the stock’s previous close.

A number of other equities research analysts have also recently commented on the stock. JPMorgan Chase & Co. decreased their target price on shares of BHP Group from GBX 2,720 ($35.27) to GBX 2,650 ($34.37) and set a “neutral” rating for the company in a research report on Thursday. Berenberg Bank cut their price target on shares of BHP Group from GBX 2,100 ($27.23) to GBX 2,000 ($25.94) and set a “hold” rating on the stock in a research note on Thursday, July 11th. Citigroup restated a “buy” rating on shares of BHP Group in a research note on Monday, June 17th. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 2,700 ($35.01) price target on shares of BHP Group in a research note on Thursday, April 18th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of GBX 2,652.50 ($34.40).

BHP Group Trading Down 1.1 %

LON:BHP opened at GBX 2,150 ($27.88) on Thursday. BHP Group has a 52 week low of GBX 2,124 ($27.55) and a 52 week high of GBX 2,707.50 ($35.11). The firm has a 50 day moving average of GBX 2,284.08 and a 200 day moving average of GBX 2,321.49. The company has a quick ratio of 1.37, a current ratio of 1.57 and a debt-to-equity ratio of 52.52. The stock has a market capitalization of £109.01 billion, a price-to-earnings ratio of 1,885.96, a PEG ratio of -0.78 and a beta of 0.86.

BHP Group Company Profile

BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally. The company operates through Copper, Iron Ore, and Coal segments. It engages in the mining of copper, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.