BHP Group (LON:BHP) Reaches New 12-Month High – Should You Buy?

BHP Group Limited (LON:BHP) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 3,086.50 and last traded at GBX 3,069.65, with a volume of 2607492 shares traded. The stock had previously closed at GBX 2,914.

Wall Street Analysts Forecast Growth

BHP has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price target on shares of BHP Group from GBX 2,500 to GBX 2,600 and gave the stock a “neutral” rating in a research report on Thursday, April 23rd. Citigroup boosted their price target on shares of BHP Group from GBX 2,800 to GBX 2,850 and gave the stock a “neutral” rating in a research report on Monday, April 13th. Finally, Berenberg Bank restated a “hold” rating and issued a GBX 2,500 price target on shares of BHP Group in a research report on Thursday, April 23rd. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of GBX 2,462.50.

BHP Group Stock Down 0.4%

The company has a current ratio of 1.65, a quick ratio of 1.37 and a debt-to-equity ratio of 62.55. The stock’s 50-day moving average is GBX 2,808.56 and its 200-day moving average is GBX 2,489.76. The company has a market cap of £156.69 billion, a price-to-earnings ratio of 15.32, a P/E/G ratio of -0.78 and a beta of 0.80.

About BHP Group

We are a world-leading resources company, focused on the resources the world needs to grow and decarbonise. Copper for renewable energy. Potash for sustainable farming. Iron ore and metallurgical coal for the steel needed for global infrastructure and the energy transition.

A resources mix for today and for the future.

Our strategy is to deliver long-term value and returns through the cycle. We aim to do this through owning a portfolio of world class assets with exposure to highly attractive commodities that benefit from the mega-trends playing out in the world around us, by operating them exceptionally well, by maintaining a disciplined approach to capital allocation and through being industry leaders in sustainability and the creation of social value.

We are a global business with over 9,000 suppliers around the world, many of which are small to medium-sized businesses that are local to our assets.