BHP Group (LON:BHP) Stock Price Up 2% – Here’s What Happened

BHP Group Limited (LON:BHP) traded up 2% during trading on Friday . The stock traded as high as GBX 2,072 and last traded at GBX 2,066. 1,285,618 shares changed hands during mid-day trading, a decline of 16% from the average session volume of 1,528,770 shares. The stock had previously closed at GBX 2,026.

Analyst Upgrades and Downgrades

BHP has been the topic of a number of research reports. Berenberg Bank restated a “sell” rating and issued a GBX 1,900 price objective on shares of BHP Group in a report on Wednesday, October 22nd. JPMorgan Chase & Co. decreased their price target on shares of BHP Group from GBX 2,200 to GBX 2,100 and set a “neutral” rating on the stock in a research note on Thursday, October 23rd. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of GBX 1,966.67.

BHP Group Price Performance

The stock has a 50-day simple moving average of GBX 2,085.20 and a 200 day simple moving average of GBX 1,967.49. The company has a market cap of £104.92 billion, a PE ratio of 11.65, a P/E/G ratio of -0.78 and a beta of 0.84. The company has a quick ratio of 1.37, a current ratio of 1.70 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.