BHP Group (LON:BHP) Price Target Cut to GBX 1,940 by Analysts at JPMorgan Chase & Co.

BHP Group (LON:BHP) had its target price lowered by JPMorgan Chase & Co. from GBX 1,980 ($25.87) to GBX 1,940 ($25.35) in a report issued on Thursday morning, Digital Look reports. The brokerage currently has a neutral rating on the stock.

BHP has been the subject of several other reports. UBS Group reissued a buy rating on shares of BHP Group in a research report on Thursday, May 23rd. Morgan Stanley reissued an equal weight rating and set a GBX 1,760 ($23.00) price target on shares of BHP Group in a research report on Wednesday, May 8th. Liberum Capital cut BHP Group to a sell rating and set a GBX 1,400 ($18.29) price target for the company. in a research report on Thursday. Finally, Deutsche Bank reissued a sell rating and set a GBX 1,650 ($21.56) price target on shares of BHP Group in a research report on Friday, May 10th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of GBX 1,787.08 ($23.35).

Shares of LON BHP opened at GBX 1,680.40 ($21.96) on Thursday. The stock has a 50 day moving average price of GBX 1,897.12 and a 200 day moving average price of GBX 1,845.87. BHP Group has a 52 week low of GBX 1,460 ($19.08) and a 52 week high of GBX 2,078.50 ($27.16). The company has a debt-to-equity ratio of 47.91, a quick ratio of 1.56 and a current ratio of 1.89. The stock has a market capitalization of $35.49 billion and a PE ratio of 10.51.

The firm also recently disclosed a dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Thursday, September 5th will be paid a $0.78 dividend. This is a positive change from BHP Group’s previous dividend of $0.55. The ex-dividend date is Thursday, September 5th. This represents a yield of 3.61%. BHP Group’s dividend payout ratio is currently 0.45%.

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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