BHP Group Limited (LON:BHP) Receives GBX 2,710 Average Price Target from Analysts

Shares of BHP Group Limited (LON:BHP) have earned an average rating of “Hold” from the seven analysts that are currently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is GBX 2,710 ($35.19).

BHP has been the subject of a number of research reports. JPMorgan Chase & Co. decreased their price objective on BHP Group from GBX 2,720 ($35.32) to GBX 2,650 ($34.41) and set a “neutral” rating for the company in a report on Thursday, July 18th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 2,000 ($25.97) price target on shares of BHP Group in a research note on Wednesday, August 28th. Royal Bank of Canada boosted their price objective on shares of BHP Group from GBX 4,400 ($57.13) to GBX 4,500 ($58.43) and gave the stock a “sector perform” rating in a research report on Thursday, July 18th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of BHP Group from GBX 2,250 ($29.21) to GBX 2,100 ($27.27) and set a “hold” rating for the company in a research report on Monday, September 9th. Finally, Citigroup reissued a “buy” rating and set a GBX 2,500 ($32.46) price target on shares of BHP Group in a research report on Thursday, July 18th.

BHP Group Price Performance

BHP stock opened at GBX 2,177 ($28.27) on Wednesday. The stock has a 50-day moving average price of GBX 2,123.93 and a two-hundred day moving average price of GBX 2,217.91. BHP Group has a 1 year low of GBX 1,941.10 ($25.20) and a 1 year high of GBX 2,707.50 ($35.15). The stock has a market cap of £110.37 billion, a PE ratio of 1,829.41, a price-to-earnings-growth ratio of -0.78 and a beta of 0.84. The company has a current ratio of 1.70, a quick ratio of 1.37 and a debt-to-equity ratio of 45.26.

BHP Group Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, September 12th were issued a dividend of $0.74 per share. This represents a yield of 2.7%. This is an increase from BHP Group’s previous dividend of $0.72. The ex-dividend date was Thursday, September 12th. BHP Group’s payout ratio is presently 9,495.80%.

BHP Group Company Profile

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.