There’s a lot to be optimistic about in the Materials sector as 2 analysts just weighed in on BHP Group Ltd (BHPLF – Research Report) and Mount Gibson Iron Limited (MTGRF – Research Report) with bullish sentiments.
BHP Group Ltd (BHPLF)
Morgans analyst Adrian Prendergast maintained a Buy rating on BHP Group Ltd today and set a price target of A$48.30. The company’s shares closed last Thursday at $29.20.
According to TipRanks.com, Prendergast is a 5-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for BHP Group Ltd with a $32.28 average price target, an 11.7% upside from current levels. In a report issued on April 5, J.P. Morgan also maintained a Buy rating on the stock with a A$53.00 price target.
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Mount Gibson Iron Limited (MTGRF)
Macquarie analyst Hayden Bairstow maintained a Buy rating on Mount Gibson Iron Limited today and set a price target of A$0.50. The company’s shares closed last Wednesday at $0.25, close to its 52-week low of $0.25.
According to TipRanks.com, Bairstow is a 1-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Mount Gibson Iron Limited with a $0.32 average price target.
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