Several other research firms have also recently weighed in on BHP. JPMorgan Chase & Co. cut their target price on shares of BHP Group from GBX 1,980 ($25.87) to GBX 1,940 ($25.35) and set a neutral rating for the company in a research note on Thursday, August 22nd. Independent Research set a GBX 1,925 ($25.15) target price on shares of BHP Group and gave the company a neutral rating in a research note on Tuesday, August 27th. Liberum Capital cut shares of BHP Group to a sell rating and set a GBX 1,400 ($18.29) target price for the company. in a research note on Thursday, August 22nd. Deutsche Bank raised shares of BHP Group from a sell rating to a hold rating and cut their target price for the company from GBX 1,900 ($24.83) to GBX 1,750 ($22.87) in a research note on Wednesday, September 4th. Finally, UBS Group set a GBX 1,900 ($24.83) target price on shares of BHP Group and gave the company a neutral rating in a research note on Thursday, August 29th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of GBX 1,805.38 ($23.59).
BHP opened at GBX 1,720.40 ($22.48) on Tuesday. The stock has a market capitalization of $36.34 billion and a price-to-earnings ratio of 10.76. The company has a fifty day moving average of GBX 1,741.15 and a 200 day moving average of GBX 1,842.87. BHP Group has a fifty-two week low of GBX 18.17 ($0.24) and a fifty-two week high of GBX 2,078.50 ($27.16). The company has a debt-to-equity ratio of 49.76, a quick ratio of 1.56 and a current ratio of 1.89.
In other BHP Group news, insider Susan Kilsby acquired 2,900 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was acquired at an average cost of GBX 1,713 ($22.38) per share, with a total value of £49,677 ($64,911.80).
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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