JP Morgan rates BHP as Downgrade to Underweight from Neutral - Target $30.83 (was $31.46). In the broker's view BP is now priced for perfection, as the stock is now at a 30% premium to its price target. To reflect this it suggests taking some profits in the stock.
In rating terms this means a downgrade to Underweight, while minor changes to forecasts impact on the broker's price target.
Target price is $30.83 Current Price is $39.59 Difference:($8.76) - (brackets indicate current price is over target). If BHP meets the JP Morgan target it will return approximately - 22% (excluding dividends, fees and charges - negative figures indicate an expected loss).
JP Morgan rates BHP as Downgrade to Underweight from Neutral -...
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Last
$40.31 |
Change
-0.465(1.14%) |
Mkt cap ! $206.2B | |||
| Open | High | Low | Value | Volume |
| $40.72 | $40.76 | $40.29 | $69.54M | 1.715M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 2553 | $40.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $40.32 | 1047 | 12 |
View Market Depth
| Last trade - 12.46pm 02/09/2024 (20 minute delay) ? |
| BHP (ASX) Chart |