BHP Group (LON:BHP) Shares Down 1.3% – Should You Sell?

BHP Group Limited (LON:BHP)’s share price traded down 1.3% during trading on Friday . The stock traded as low as GBX 2,048.66 and last traded at GBX 2,082. 1,757,231 shares changed hands during trading, an increase of 23% from the average session volume of 1,427,775 shares. The stock had previously closed at GBX 2,109.

Analyst Upgrades and Downgrades

Several analysts have issued reports on BHP shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 1,900 price objective on shares of BHP Group in a research report on Monday, July 21st. JPMorgan Chase & Co. decreased their target price on shares of BHP Group from GBX 2,200 to GBX 2,100 and set a “neutral” rating for the company in a research note on Thursday, October 23rd. Finally, Berenberg Bank reaffirmed a “sell” rating and set a GBX 1,900 price target on shares of BHP Group in a report on Wednesday, October 22nd. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, BHP Group presently has a consensus rating of “Reduce” and a consensus target price of GBX 1,966.67.

BHP Group Stock Performance

The stock has a 50-day simple moving average of GBX 2,062.13 and a 200-day simple moving average of GBX 1,941.15. The company has a market capitalization of £105.73 billion, a price-to-earnings ratio of 11.74, a price-to-earnings-growth ratio of -0.78 and a beta of 0.84. The company has a current ratio of 1.70, a quick ratio of 1.37 and a debt-to-equity ratio of 45.03.

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.