BHP Group (LON:BHP) Given New GBX 2,400 Price Target at JPMorgan Chase & Co.

BHP Group (LON:BHP) had its price objective boosted by JPMorgan Chase & Co. from GBX 2,300 to GBX 2,400 in a research report issued to clients and investors on Wednesday,Digital Look reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential downside of 2.32% from the stock’s current price.

Separately, Berenberg Bank reiterated a “sell” rating and set a GBX 1,900 price target on shares of BHP Group in a research note on Wednesday, October 22nd. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, BHP Group currently has a consensus rating of “Reduce” and an average price target of GBX 2,100.

BHP Group Stock Performance

BHP traded up GBX 87 during trading on Wednesday, hitting GBX 2,457. 92,927,727 shares of the stock were exchanged, compared to its average volume of 7,907,321. The company has a quick ratio of 1.37, a current ratio of 1.70 and a debt-to-equity ratio of 45.03. BHP Group has a 1-year low of GBX 1,559.50 and a 1-year high of GBX 2,482. The stock has a fifty day moving average price of GBX 2,220.57 and a two-hundred day moving average price of GBX 2,088.67. The firm has a market capitalization of £124.77 billion, a P/E ratio of 13.85, a PEG ratio of -0.78 and a beta of 0.84.

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.