BHP Group (LON:BHP) Trading Down 1.2% – What’s Next?

BHP Group Limited (LON:BHP) traded down 1.2% during trading on Wednesday . The company traded as low as GBX 3,384 and last traded at GBX 3,401. Approximately 398,244 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 3,675,799 shares. The stock had previously closed at GBX 3,441.

Analyst Ratings Changes

Several equities research analysts recently issued reports on BHP shares. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 3,350 price target on shares of BHP Group in a research note on Tuesday, August 18th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 3,400 price objective on shares of BHP Group in a report on Wednesday, August 19th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 2,700 target price on shares of BHP Group in a report on Wednesday, August 19th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 2,900 price target on shares of BHP Group in a research note on Monday, August 17th. Finally, JPMorgan Chase & Co. decreased their target price on shares of BHP Group from GBX 3,400 to GBX 3,000 and set a “neutral” rating on the stock in a report on Friday, July 10th. Six research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of GBX 3,116.67.

BHP Group Stock Down 0.7%

The company has a market cap of £164.08 billion, a P/E ratio of 16.71, a PEG ratio of -0.78 and a beta of 0.84. The stock’s 50-day moving average price is GBX 3,257.10 and its 200-day moving average price is GBX 3,080.65. The company has a current ratio of 1.88, a quick ratio of 1.37 and a debt-to-equity ratio of 53.26.

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.