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    BHP   AU000000BHP4

BHP GROUP LIMITED

(BHP)
  Report
Delayed Australian Stock Exchange  -  12:59 2022-10-05 am EDT
40.45 AUD   +0.95%
10/04Pavilion Energy, Mitsui O.S.K to launch LNG bunker vessel in Q1 2023
RE
10/04Bhp : Port and Rail - presentation, 5 October 2022
PU
10/04BHP Group to Reportedly Get Three LNG-Powered Bulk Carriers in Middle of 2023
MT
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Morgans rates BHP as Add

08/08/2022 | 08:31pm EDT

Morgans prefers the easily digestible OZ minerals acquistion (which is seen as consistent with BHP Group's strategy) over a larger transaction at the top of the cycle. It's felt potential synergies sets BHP Group apart as the most appropriate suitor.

The non-binding indicative offer at $25/share was swiftly rejected by OZ Minerals.

Separately, the analyst reviews BHP Group's 4Q result (3 weeks ago) and lifts 2H opex assumptions for iron ore and copper (and trims coal).

After rolling the valuation model forward, the broker's target falls to $48.40 from $48.50. The 2H dividend payout ratio also falls to 65% from 75%.

Sector: Materials.

Target price is $48.40.Current Price is $39.12. Difference: $9.28 - (brackets indicate current price is over target). If BHP meets the Morgans target it will return approximately 19% (excluding dividends, fees and charges - negative figures indicate an expected loss).

© 2022 Acquisdata Pty Ltd., source FN Arena

Stocks mentioned in the article
ChangeLast1st jan.
BHP GROUP LIMITED 0.94% 40.45 Delayed Quote.17.63%
OZ MINERALS LIMITED 0.26% 26.55 Delayed Quote.-8.58%
All news about BHP GROUP LIMITED
10/04Pavilion Energy, Mitsui O.S.K to launch LNG bunker vessel in Q1 2023
RE
10/04Bhp : Port and Rail - presentation, 5 October 2022
PU
10/04BHP Group to Reportedly Get Three LNG-Powered Bulk Carriers in Middle of 2023
MT
10/04Bhp : South Flank - speech, 4 October 2022
PU
10/04BHP To Receive Additional Carriers Partly Powered By LNG
MT
10/04Australian shares post best day in more than 2 years after RBA surprise
RE
10/04BHP to receive 3 more LNG-fuelled bulk carriers in next 6-9 mths - exec
RE
10/03Australian shares eye best day since late-Jan ahead of RBA decision
RE
10/03'Always check the label': ESG funds not as green as they seem -..
RE
10/03Tactical Resources Appoints Director With Global Mining Experience
AQ
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Analyst Recommendations on BHP GROUP LIMITED
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Financials (USD)
Sales 2023 55 057 M - -
Net income 2023 15 650 M - -
Net Debt 2023 3 574 M - -
P/E ratio 2023 8,28x
Yield 2023 8,26%
Capitalization 132 B 132 B -
EV / Sales 2023 2,46x
EV / Sales 2024 2,64x
Nbr of Employees 45 295
Free-Float 96,9%
Chart BHP GROUP LIMITED
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BHP Group Limited Technical Analysis Chart | MarketScreener
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Technical analysis trends BHP GROUP LIMITED
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Last Close Price 26,04 $
Average target price 28,79 $
Spread / Average Target 10,6%
EPS Revisions
Managers and Directors
Mike Henry CEO & Non-Independent Executive Director
David Mark Lamont Chief Financial Officer
John Kenneth Norman MacKenzie Chairman
Laura Tyler Chief Technical Officer
Malcolm William Broomhead Independent Non-Executive Director
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