BHP Group (LON:BHP) Upgraded by JPMorgan Chase & Co. to Neutral Rating

BHP Group (LON:BHP) was upgraded by equities research analysts at JPMorgan Chase & Co. to a “neutral” rating in a report released on Tuesday,London Stock Exchange reports. The firm currently has a GBX 3,400 price objective on the stock, up from their previous price objective of GBX 2,600. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 6.62% from the stock’s current price.

BHP has been the subject of several other reports. Berenberg Bank restated a “hold” rating and issued a GBX 2,500 price objective on shares of BHP Group in a report on Thursday, April 23rd. Citigroup raised their price objective on shares of BHP Group from GBX 2,800 to GBX 2,850 and gave the stock a “neutral” rating in a report on Monday, April 13th. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, BHP Group currently has a consensus rating of “Hold” and a consensus price target of GBX 2,662.50.

BHP Group Stock Performance

Shares of BHP opened at GBX 3,189 on Tuesday. The company has a debt-to-equity ratio of 62.55, a current ratio of 1.65 and a quick ratio of 1.37. BHP Group has a one year low of GBX 1,686.50 and a one year high of GBX 3,365. The company has a 50-day simple moving average of GBX 2,883.68 and a two-hundred day simple moving average of GBX 2,577.23. The firm has a market capitalization of £162.02 billion, a PE ratio of 15.84, a price-to-earnings-growth ratio of -0.78 and a beta of 0.80.

BHP Group Company Profile

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.