BHP Group (LON:BHP) Reaches New 12-Month High – Here’s Why

BHP Group Limited (LON:BHP) shares hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 2,776 and last traded at GBX 2,732, with a volume of 5443958 shares. The stock had previously closed at GBX 2,675.

Analysts Set New Price Targets

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

BHP Group Stock Down 1.8%

The firm has a market capitalization of £138.43 billion, a price-to-earnings ratio of 15.37, a P/E/G ratio of -0.78 and a beta of 0.84. The firm has a fifty day moving average price of GBX 2,428.40 and a 200 day moving average price of GBX 2,188.55. The company has a current ratio of 1.70, a quick ratio of 1.37 and a debt-to-equity ratio of 45.03.

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.