BHP Group (LON:BHP) Trading Down 0.7% – Here’s What Happened

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on BHP shares. Berenberg Bank reiterated a “sell” rating and set a GBX 1,900 price objective on shares of BHP Group in a report on Wednesday, October 22nd. JPMorgan Chase & Co. raised their target price on shares of BHP Group from GBX 2,100 to GBX 2,300 and gave the stock a “neutral” rating in a report on Wednesday, December 3rd. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of GBX 2,033.33.

BHP Group Stock Performance

The firm has a market cap of £114.72 billion, a price-to-earnings ratio of 12.73, a price-to-earnings-growth ratio of -0.78 and a beta of 0.84. The stock has a 50-day moving average of GBX 2,153.56 and a 200-day moving average of GBX 2,028.07. The company has a debt-to-equity ratio of 45.03, a quick ratio of 1.37 and a current ratio of 1.70.

BHP Group Company Profile

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.