BHP Group (LON:BHP) Shares Down 1.6% – Here’s Why

BHP Group Limited (LON:BHP) shares were down 1.6% during trading on Thursday . The company traded as low as GBX 2,562 and last traded at GBX 2,575. Approximately 1,448,477 shares were traded during trading, a decline of 61% from the average daily volume of 3,731,771 shares. The stock had previously closed at GBX 2,617.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BHP. JPMorgan Chase & Co. upped their target price on BHP Group from GBX 2,300 to GBX 2,400 and gave the company a “neutral” rating in a research report on Wednesday, January 21st. Berenberg Bank lifted their price target on BHP Group from GBX 2,300 to GBX 2,600 and gave the stock a “buy” rating in a research report on Thursday, March 5th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, BHP Group has an average rating of “Hold” and an average price target of GBX 2,300.

BHP Group Price Performance

The company has a current ratio of 1.65, a quick ratio of 1.37 and a debt-to-equity ratio of 62.55. The stock has a fifty day simple moving average of GBX 2,667.28 and a two-hundred day simple moving average of GBX 2,324.41. The company has a market cap of £133.56 billion, a PE ratio of 13.07, a price-to-earnings-growth ratio of -0.78 and a beta of 0.74.

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.