JPMorgan Chase & Co. Raises BHP Group (LON:BHP) Price Target to GBX 1,860

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BHP Group (LON:BHP) had its target price raised by JPMorgan Chase & Co. from GBX 1,850 ($24.34) to GBX 1,860 ($24.47) in a report published on Wednesday morning, ThisIsMoney.Co.Uk reports. JPMorgan Chase & Co. currently has an underweight rating on the stock.

A number of other analysts also recently weighed in on the company. BMO Capital Markets reiterated a market perform rating on shares of BHP Group in a report on Thursday, January 23rd. Deutsche Bank reiterated a hold rating on shares of BHP Group in a report on Tuesday, January 28th. Royal Bank of Canada decreased their price target on BHP Group from GBX 2,000 ($26.31) to GBX 1,900 ($24.99) and set an outperform rating for the company in a report on Friday, January 24th. DZ Bank increased their price target on BHP Group from GBX 1,720 ($22.63) to GBX 1,800 ($23.68) and gave the stock a hold rating in a report on Thursday, January 23rd. Finally, HSBC decreased their price target on BHP Group from GBX 1,820 ($23.94) to GBX 1,780 ($23.41) and set a hold rating for the company in a report on Thursday, December 19th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of GBX 1,795.36 ($23.62).

Shares of BHP Group stock opened at GBX 1,675.20 ($22.04) on Wednesday. The company has a current ratio of 1.89, a quick ratio of 1.56 and a debt-to-equity ratio of 49.76. The business has a 50-day moving average price of GBX 1,759.52 and a two-hundred day moving average price of GBX 1,749.56. BHP Group has a 1-year low of GBX 18.17 ($0.24) and a 1-year high of GBX 2,078.50 ($27.34). The company has a market cap of $35.38 billion and a P/E ratio of 10.48.

About BHP Group

BHP Group discovers, acquires, develops, and markets natural resources worldwide. The company engages in the exploration, development, and production of oil and gas properties; and mining of copper, silver, lead, zinc, molybdenum, uranium, gold, and iron ores, as well as metallurgical and energy coal.

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