Jefferies Believes BHP group (NYSE: BBL) Won’t Stop Here

Jefferies analyst Chris LaFemina maintained a Buy rating on BHP group (BBLResearch Report) on June 7 and set a price target of $81.00. The company’s shares closed last Friday at $65.29, close to its 52-week high of $68.05.

According to TipRanks.com, LaFemina is a 4-star analyst with an average return of 6.6% and a 54.8% success rate. LaFemina covers the Basic Materials sector, focusing on stocks such as First Quantum Minerals, Peabody Energy Comm, and Freeport-McMoRan.

BHP group has an analyst consensus of Moderate Buy, with a price target consensus of $81.00, implying a 24.0% upside from current levels. In a report issued on June 22, Morgan Stanley also upgraded the stock to Buy.

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The company has a one-year high of $68.05 and a one-year low of $37.88. Currently, BHP group has an average volume of 1.71M.

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Founded in 2001, London-based BHP Group Plc, operates in the natural resources business and engages in the exploration, development, production, processing and marketing of minerals, and oil and gas. It operates through the following segments: Petroleum, Copper, Iron Ore, and Coal. The company was founded on June 29, 2001.