BHP Group (LON:BHP) Stock Price Down 1.2% – Time to Sell?

BHP Group Limited (LON:BHP – Get Free Report) traded down 1.2% on Wednesday . The stock traded as low as GBX 3,384 and last traded at GBX 3,401. Approximately 398,244 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 3,675,799 shares. The stock had previously closed at GBX 3,441.

Wall Street Analysts Forecast Growth

BHP has been the topic of a number of research reports. Citigroup boosted their price target on BHP Group from £290 to £350 and gave the company a “neutral” rating in a report on Monday, June 8th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 2,700 target price on shares of BHP Group in a report on Wednesday, August 19th. Royal Bank Of Canada reiterated a “sector perform” rating and set a GBX 2,900 target price on shares of BHP Group in a research report on Monday, August 17th. Berenberg Bank reiterated a “hold” rating and set a GBX 3,400 price target on shares of BHP Group in a research report on Wednesday, August 19th. Finally, Jefferies Financial Group reissued a “hold” rating and set a GBX 3,350 target price on shares of BHP Group in a research note on Tuesday, August 18th. Six analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, BHP Group has an average rating of “Hold” and a consensus target price of GBX 8,391.67.

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BHP Group Price Performance

The business has a 50 day moving average price of GBX 3,254.30 and a two-hundred day moving average price of GBX 3,077.42. The stock has a market cap of £172.87 billion, a PE ratio of 17.60, a P/E/G ratio of -0.78 and a beta of 0.84. The company has a debt-to-equity ratio of 53.26, a quick ratio of 1.37 and a current ratio of 1.88.

BHP Group Company Profile

(Get Free Report)

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.

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