Berenberg raises target for BHP stock from GBp 3,400.00 to GBp 3,500.00

Published on 10/07/2026 at 09:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fiscal 2026 revenue reached USD 58.80 billion, up 15.00 percent. BHP stock costs EUR 77.00 on October 7, 2026 after EUR 77.25.

BHP, US0886061086, Illustration mit AI erstellt.

BHP stock (ISIN US0886061086) was at EUR 77.00 at Lang & Schwarz on October 7, 2026 at 9:43 a.m. CEST, down 0.32 percent from the prior close of EUR 77.25. The latest analyst action came on September 30, 2026, when Berenberg raised its target from GBp 3,400.00 to GBp 3,500.00 while keeping a Hold rating, as reported by Morningstar.

Berenberg lifts the target

The revised Berenberg target remains denominated in pence because the broker covered BHP Group's London-listed line. The unchanged Hold rating makes the target increase a measured reassessment rather than a change in recommendation.

BHP's US listing trades under ticker BHP on the NYSE, and the company is classified in Materials, according to Global Banking and Finance. The primary-market quote was last at USD 87.00 on October 6, 2026 at 4:00 p.m. ET, while the 52-week range was USD 52.18 to USD 98.71 and market capitalization was USD 221.0 billion.

Copper changes the earnings mix

BHP's fiscal 2026 revenue reached USD 58.80 billion, up 15.00 percent year over year, while underlying attributable profit rose 30.00 percent to USD 13.20 billion. The figures show why copper has become central to the valuation debate: copper segment EBITDA rose 48.00 percent to USD 18.20 billion and became BHP's largest profit contributor for the first time, according to Discovery Alert in its September 19, 2026 analysis.

The counterweight is execution risk in the growth portfolio. BHP's Jansen Stage 1 potash project was 84.00 percent complete in the fiscal 2026 materials, with first production targeted for mid-2027, keeping capital delivery relevant to the next valuation debate.

Next operational review is dated

BHP's next operational review is scheduled for October 20, 2026, covering the quarter ended September 30, 2026, according to the company's financial calendar. That update should give investors a fresh read on copper output, iron ore shipments and progress toward the potash timeline.

Price remains below the yearly high

At EUR 77.00, the Lang & Schwarz quote was EUR 0.25 below the prior close of EUR 77.25 on October 7, 2026. The next company-specific date is October 20, 2026, when the operational review is due.

The further course of trading is shown by the continuously updated real-time quote of BHP stock.