Brokerages Set BHP Group PLC (LON:BHP) Target Price at GBX 1,818.18

Shares of BHP Group PLC (LON:BHP) have earned an average recommendation of “Buy” from the sixteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 1,818.18 ($23.76).

BHP has been the subject of a number of analyst reports. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 2,140 ($27.96) price objective on shares of BHP Group in a research report on Friday, September 11th. Goldman Sachs Group increased their target price on BHP Group from GBX 1,780 ($23.26) to GBX 1,850 ($24.17) and gave the company a “buy” rating in a research report on Wednesday, July 15th. Bank of America upgraded BHP Group to a “buy” rating and set a GBX 2,050 ($26.79) price target for the company in a research report on Monday, June 1st. Morgan Stanley restated an “overweight” rating on shares of BHP Group in a research report on Monday, July 20th. Finally, UBS Group raised their price target on BHP Group from GBX 1,700 ($22.21) to GBX 1,850 ($24.17) and gave the stock a “buy” rating in a research report on Thursday, June 25th.

BHP stock traded up GBX 9.60 ($0.13) during midday trading on Wednesday, hitting GBX 1,711.80 ($22.37). The company’s stock had a trading volume of 4,914,726 shares, compared to its average volume of 6,339,366. The company’s fifty day moving average price is GBX 1,746.16 and its 200 day moving average price is GBX 1,536.37. The company has a debt-to-equity ratio of 51.77, a current ratio of 1.45 and a quick ratio of 1.16. BHP Group has a twelve month low of GBX 939.80 ($12.28) and a twelve month high of GBX 1,932 ($25.25). The stock has a market capitalization of $36.15 billion and a P/E ratio of 10.90.

The business also recently announced a dividend, which was paid on Tuesday, September 22nd. Shareholders of record on Thursday, September 3rd were paid a $0.55 dividend. The ex-dividend date was Thursday, September 3rd. This represents a yield of 2.34%. BHP Group’s dividend payout ratio (DPR) is presently 43.31%.

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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Analyst Recommendations for BHP Group (LON:BHP)

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