BHP Group (LON:BHP) Trading Down 0.7% – Time to Sell?

by · The Cerbat Gem

BHP Group Limited (LON:BHP – Get Free Report)’s share price traded down 0.7% on Wednesday . The company traded as low as GBX 2,259 and last traded at GBX 2,259. 151,546 shares traded hands during mid-day trading, a decline of 92% from the average session volume of 1,793,654 shares. The stock had previously closed at GBX 2,276.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BHP. Berenberg Bank reaffirmed a “sell” rating and issued a GBX 1,900 target price on shares of BHP Group in a research report on Wednesday, October 22nd. JPMorgan Chase & Co. raised their price target on BHP Group from GBX 2,100 to GBX 2,300 and gave the company a “neutral” rating in a research note on Wednesday, December 3rd. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Reduce” and an average target price of GBX 2,033.33.

View Our Latest Stock Report on BHP

BHP Group Stock Performance

The company has a debt-to-equity ratio of 45.03, a current ratio of 1.70 and a quick ratio of 1.37. The stock’s 50-day moving average price is GBX 2,153.56 and its 200-day moving average price is GBX 2,028.07. The company has a market cap of £114.72 billion, a P/E ratio of 12.73, a PEG ratio of -0.78 and a beta of 0.84.

BHP Group Company Profile

(Get Free Report)

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.

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