BHP Group (BHP) Stock Forecast & Price Target

$58.41

-2.40 (-3.95%)

(As of 10/8/2024 ET)

BHP Group - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 6 Analyst Ratings

Sell
0

Hold
3

Buy
3

Based on 6 Wall Street analysts who have issued ratings for BHP Group in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 6 analysts, 3 have given a hold rating, 2 have given a buy rating, and 1 has given a strong buy rating for BHP.

Consensus Price Target

$68.00
16.42% Upside

According to the 6 analysts' twelve-month price targets for BHP Group, the average price target is $68.00. The highest price target for BHP is $68.00, while the lowest price target for BHP is $68.00. The average price target represents a forecasted upside of 16.42% from the current price of $58.41.

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BHP Analyst Ratings Over Time

Type	Current Forecast 10/9/23 to 10/8/24	1 Month Ago 9/9/23 to 9/8/24	3 Months Ago 7/11/23 to 7/10/24	1 Year Ago 10/9/22 to 10/9/23
Strong Buy	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	2 Buy rating(s)	1 Buy rating(s)	2 Buy rating(s)	4 Buy rating(s)
Hold	3 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)	6 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$68.00	$50.00	$50.00	$50.00
Forecasted Upside	16.42% Upside	-2.70% Downside	-14.60% Downside	-11.08% Downside
Consensus Rating	Moderate Buy	Hold	Hold	Hold

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BHP Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

BHP Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

BHP Group Stock vs. The Competition

Type	BHP Group	Basic Materials Companies	S&P 500
Consensus Rating Score	2.67	2.73	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	16.76% Upside	126.74% Upside	7.82% Upside
News Sentiment Rating	Neutral News See Recent BHP News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/4/2024	Jefferies Financial Group 2 of 5 stars		Downgrade	Buy ➝ Hold	$72.00 ➝ $68.00	+11.67%
9/19/2024	Argus 3 of 5 stars	J. Eade Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
9/16/2024	Sanford C. Bernstein 3 of 5 stars	B. Brackett Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Market Perform ➝ Outperform
5/31/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy ➝ Buy
5/30/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Equal Weight
3/5/2024	Liberum Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Hold
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10/5/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sell ➝ Neutral
9/13/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$47.00 ➝ $50.00	-10.97%
7/7/2023	Berenberg Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
6/28/2023	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Neutral
5/3/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy
4/5/2023	CLSA Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Outperform
1/10/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		GBX 2,200 ➝ GBX 2,300
11/23/2022	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 10:13 PM ET.

Should I Buy BHP Group Stock? BHP Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, September 30, 2024. Please send any questions or comments about these BHP Group pros and cons to contact@marketbeat.com.

BHP Group
Bull Case

Here are some ways that investors could benefit from investing in BHP Group Limited:

BHP Group Limited recently increased its Semi-Annual dividend from $1.44 to $1.465, indicating a positive change in dividend payouts. This can attract income-oriented investors looking for stable returns.
Despite a recent 5.0% stock price decline, BHP Group Limited has a consensus rating of "Moderate Buy" with an average price target of $50.00, suggesting potential for capital appreciation.
BHP Group Limited operates in various regions globally, including Australia, Europe, Asia, and the Americas, diversifying its geographic exposure and potentially reducing risk associated with regional economic fluctuations.
The company operates through segments like Copper, Iron Ore, and Coal, providing investors with exposure to different commodities and potentially benefiting from diversified revenue streams.
With a dividend yield of 5.2%, BHP Group Limited offers an attractive income opportunity compared to other investment options, especially in a low-interest-rate environment.

BHP Group
Bear Case

Investors should be bearish about investing in BHP Group Limited for these reasons:

The recent 5.0% stock price decline of BHP Group Limited may indicate short-term volatility or market concerns, potentially leading to capital losses for investors in the near term.
While the company has a diverse geographic presence, operating in multiple regions can expose BHP Group Limited to geopolitical risks, regulatory changes, and currency fluctuations that may impact its financial performance.
Commodity prices, especially for Copper, Iron Ore, and Coal, can be volatile, affecting BHP Group Limited's revenue and profitability, making the company susceptible to fluctuations in global commodity markets.
Debt-to-equity ratio of 0.38 for BHP Group Limited indicates the company has some level of financial leverage, which can increase risk during economic downturns or periods of rising interest rates.
Investors should consider the impact of environmental and social factors on BHP Group Limited's operations, as the resources industry faces increasing scrutiny related to sustainability practices and climate change concerns.

BHP Forecast - Frequently Asked Questions

: According to the research reports of 6 Wall Street equities research analysts, the average twelve-month stock price forecast for BHP Group is $68.00, with a high forecast of $68.00 and a low forecast of $68.00.
: 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for BHP Group in the last twelve months. There are currently 3 hold ratings, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" BHP shares.
: According to analysts, BHP Group's stock has a predicted upside of 16.42% based on their 12-month stock forecasts.
: Over the previous 90 days, BHP Group's stock had 2 upgrades and 1 downgrade by analysts.
: BHP Group has been rated by research analysts at Argus, Jefferies Financial Group, and Sanford C. Bernstein in the past 90 days.
: Analysts like BHP Group less than other "basic materials" companies. The consensus rating score for BHP Group is 2.67 while the average consensus rating score for "basic materials" companies is 2.73. Learn more on how BHP compares to other companies.