BHP Group (LON:BHP) Stock Price Up 1.5% – Still a Buy?

BHP Group Limited (LON:BHP) shares were up 1.5% during trading on Monday. The stock traded as high as GBX 3,277 and last traded at GBX 3,261. Approximately 1,296,129 shares traded hands during 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 Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Citigroup increased their price objective on BHP Group from GBX 3,250 to GBX 3,350 and gave the company a “neutral” rating in a report on Thursday, September 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 2,700 target price on shares of BHP Group in a report on Wednesday, August 19th. Berenberg Bank reiterated a “hold” rating and issued a GBX 3,400 price target on shares of BHP Group in a research report on Wednesday, August 19th. Jefferies Financial Group reiterated a “hold” rating and set a GBX 3,350 price target on shares of BHP Group in a research note on Tuesday, August 18th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of 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. Six analysts have rated the stock with a Hold rating, According to MarketBeat.com, BHP Group presently has an average rating of “Hold” and an average target price of GBX 3,116.67.

BHP Group Stock Performance

The company has a market capitalization of £164.54 billion, a price-to-earnings ratio of 16.75, a P/E/G ratio of -0.78 and a beta of 0.84. The stock’s 50-day moving average price is GBX 3,301.82 and its 200-day moving average price is GBX 3,130.66. 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

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.