BHP Group (LON:BHP) Shares Up 1.5% – What’s Next?

BHP Group Limited (LON:BHP)’s share price shot up 1.5% on Monday. The company traded as high as GBX 3,277 and last traded at GBX 3,261. 1,296,129 shares changed hands during mid-day trading, a decline of 63% from the average daily volume of 3,479,465 shares. The stock had previously closed at GBX 3,214.

Wall Street Analyst Weigh In

BHP has been the topic of a number of research reports. JPMorgan Chase & Co. reduced their price objective on BHP Group from GBX 3,400 to GBX 3,000 and set a “neutral” rating on the stock in a research report on Friday, July 10th. Citigroup raised their target price on BHP Group from GBX 3,250 to GBX 3,350 and gave the stock a “neutral” rating in a research note on Thursday, September 10th. Berenberg Bank restated a “hold” rating and issued a GBX 3,400 price target on shares of BHP Group in a report on Wednesday, August 19th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 2,700 price objective on shares of BHP Group in a report on Wednesday, August 19th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 2,900 price objective on shares of BHP Group in a research report on Monday, August 17th. Six investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of GBX 3,116.67.

BHP Group Stock Up 1.5%

The firm has a market capitalization of £165.76 billion, a P/E ratio of 16.88, a price-to-earnings-growth ratio of -0.78 and a beta of 0.84. The stock has a fifty day moving average of GBX 3,299.14 and a 200 day moving average of GBX 3,126. The company has a debt-to-equity ratio of 53.26, a current ratio of 1.88 and a quick ratio of 1.37.

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.