- BHP Group (BHP, Financial) partners with CATL and BYD to enhance battery technology for mining equipment and transportation.
- Analysts predict a one-year average target price of $50.36 for BHP, with a potential downside of 3.29%.
- GuruFocus estimates a GF Value of $52.74 for BHP, suggesting a slight upside of 1.27%.
BHP Group (BHP) has proactively taken a significant step toward a more sustainable future by entering into preliminary agreements with China's industry leaders, CATL and BYD. This strategic collaboration focuses on advancing battery technology specifically for mining machinery and transportation sectors. The ultimate goal is to innovate in battery development, enhance fast-charging infrastructure, and significantly reduce diesel reliance. This initiative aligns closely with BHP's ambitious target to slash its greenhouse gas emissions by a minimum of 30% by the year 2030.
Wall Street Analysts Forecast
The collective insights from five Wall Street analysts present a detailed outlook for BHP Group Ltd (BHP, Financial). The one-year price target averages at $50.36, with projections ranging from a high of $57.00 to a low of $44.00. This suggests a potential downside of 3.29% from the current stock price of $52.08. Investors seeking more granular forecast data can explore the BHP Group Ltd (BHP) Forecast page for further information.
Currently, BHP Group Ltd (BHP, Financial) holds an average brokerage recommendation of 2.7, based on consensus from seven brokerage firms. This positions the stock in the "Hold" category on a rating scale where 1 indicates a Strong Buy and 5 denotes a Sell.
Understanding BHP's GF Value
According to GuruFocus estimates, BHP Group Ltd (BHP, Financial) holds a projected GF Value of $52.74 within one year. This calculation anticipates an upside potential of 1.27% from the current trading price of $52.08. The GF Value represents GuruFocus' fair value estimation, derived from historical trading multiples, past business performance, and future business growth projections. Investors interested in a comprehensive analysis are encouraged to visit the BHP Group Ltd (BHP) Summary page for more detailed insights.
