BHP Group (LON:BHP) Trading 1.3% Higher – Still a Buy?

BHP Group Limited (LON:BHP)’s share price rose 1.3% on Friday . The company traded as high as GBX 3,350 and last traded at GBX 3,346. Approximately 1,019,706 shares were traded during mid-day trading, a decline of 74% from the average session volume of 3,925,251 shares. The stock had previously closed at GBX 3,303.

Analyst Ratings Changes

BHP has been the topic of several research reports. Jefferies Financial Group restated a “hold” rating and set a GBX 3,350 price objective on shares of BHP Group in a report on Monday, July 6th. Berenberg Bank reiterated a “hold” rating and issued a GBX 2,500 target price on shares of BHP Group in a research note on Thursday, April 23rd. Citigroup lifted their target price on BHP Group from £290 to £350 and gave the stock a “neutral” rating in a research report on Monday, June 8th. JPMorgan Chase & Co. lowered their price target on BHP Group from GBX 3,400 to GBX 3,000 and set a “neutral” rating on the stock in a research note on Friday, July 10th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of BHP Group in a report on Friday, July 17th. Five investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of £109.62.

BHP Group Price Performance

The stock has a market cap of £170.00 billion, a P/E ratio of 16.62, a price-to-earnings-growth ratio of -0.78 and a beta of 0.84. 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 company’s fifty day simple moving average is GBX 3,168.90 and its 200-day simple moving average is GBX 2,941.59.

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.