BHP Group (LON:BHP) Sets New 52-Week High – Here’s What Happened

BHP Group Limited (LON:BHP)’s stock price hit a new 52-week high on Wednesday . The company traded as high as GBX 2,717 and last traded at GBX 2,714, with a volume of 1495118 shares. The stock had previously closed at GBX 2,639.

Analysts Set New Price Targets

BHP has been the subject of a number of recent research reports. Berenberg Bank reaffirmed a “sell” rating and set a GBX 2,000 price objective on shares of BHP Group in a research report on Tuesday, January 20th. JPMorgan Chase & Co. lifted their target price on BHP Group from GBX 2,300 to GBX 2,400 and gave the company a “neutral” rating in a research note on Wednesday, January 21st. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and an average price target of GBX 2,100.

BHP Group Stock Up 3.3%

The company has a quick ratio of 1.37, a current ratio of 1.70 and a debt-to-equity ratio of 45.03. The firm’s 50-day moving average price is GBX 2,368.17 and its 200 day moving average price is GBX 2,157.49. The firm has a market cap of £138.48 billion, a P/E ratio of 15.37, a price-to-earnings-growth ratio of -0.78 and a beta of 0.84.

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.