BHP Group (LON:BHP) Trading Down 1.3% – Here’s Why

BHP Group Limited (LON:BHP)’s share price was down 1.3% during mid-day trading on Friday . The company traded as low as GBX 2,048.66 and last traded at GBX 2,082. Approximately 1,757,231 shares were traded during mid-day trading, an increase of 23% from the average daily volume of 1,427,775 shares. The stock had previously closed at GBX 2,109.

Analyst Ratings Changes

A number of equities analysts have weighed in on BHP shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 1,900 price target on shares of BHP Group in a research note on Monday, July 21st. Berenberg Bank reaffirmed a “sell” rating and issued a GBX 1,900 target price on shares of BHP Group in a research report on Wednesday, October 22nd. Finally, JPMorgan Chase & Co. reduced their target price on BHP Group from GBX 2,200 to GBX 2,100 and set a “neutral” rating on the stock in a report on Thursday, October 23rd. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of GBX 1,966.67.

BHP Group Stock Performance

The company has a current ratio of 1.70, a quick ratio of 1.37 and a debt-to-equity ratio of 45.03. The firm has a market cap of £105.73 billion, a PE ratio of 11.74, a P/E/G ratio of -0.78 and a beta of 0.84. The stock’s 50 day moving average price is GBX 2,062.13 and its 200 day moving average price is GBX 1,941.15.

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.