JPMorgan Chase & Co. Forecasts Strong Price Appreciation for BHP Group (LON:BHP) Stock

BHP Group (LON:BHP - Get Free Report) had its target price raised by stock analysts at JPMorgan Chase & Co. from GBX 2,490 ($31.74) to GBX 2,580 ($32.89) in a research note issued on Friday, Marketbeat reports. The firm currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price target would indicate a potential upside of 26.07% from the stock's current price.

Other equities research analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of BHP Group from GBX 2,250 ($28.68) to GBX 2,100 ($26.77) and set a "hold" rating on the stock in a research report on Monday, September 9th. Berenberg Bank reaffirmed a "hold" rating and issued a GBX 2,000 ($25.50) price target on shares of BHP Group in a report on Tuesday, November 19th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of GBX 2,700 ($34.42).

BHP Group Price Performance

BHP traded down GBX 2.51 ($0.03) on Friday, hitting GBX 2,046.49 ($26.09). 806,720 shares of the company were exchanged, compared to its average volume of 2,171,615. BHP Group has a fifty-two week low of GBX 1,941.10 ($24.75) and a fifty-two week high of GBX 2,707.50 ($34.52). The company has a debt-to-equity ratio of 45.26, a quick ratio of 1.37 and a current ratio of 1.70. The firm has a market capitalization of £103.76 billion, a P/E ratio of 1,719.74, a price-to-earnings-growth ratio of -0.78 and a beta of 0.84. The business's fifty day moving average is GBX 2,155.53 and its 200 day moving average is GBX 2,179.04.

About BHP Group

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, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.