BHP Group (LON:BHP) Price Target Raised to £350 at Citigroup

BHP Group (LON:BHP) had its price target raised by analysts at Citigroup from £290 to £350 in a research report issued to clients and investors on Monday,Digital Look reports. The brokerage currently has a “neutral” rating on the stock.

A number of other equities research analysts also recently weighed in on the company. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 2,500 target price on shares of BHP Group in a report on Thursday, April 23rd. JPMorgan Chase & Co. raised BHP Group to a “neutral” rating and raised their target price for the company from GBX 2,600 to GBX 3,400 in a report on Tuesday, May 26th. Four analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of £107.

BHP Group Trading Up 0.1%

Shares of BHP stock opened at GBX 3,131 on Monday. The stock’s fifty day moving average price is GBX 3,013.42 and its two-hundred day moving average price is GBX 2,652.21. The company has a market cap of £159.08 billion, a PE ratio of 15.55, a P/E/G ratio of -0.78 and a beta of 0.80. BHP Group has a fifty-two week low of GBX 1,686.50 and a fifty-two week high of GBX 3,477. The company has a debt-to-equity ratio of 62.55, a quick ratio of 1.37 and a current ratio of 1.65.

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.