BHP Group (LON:BHP) Sets New 1-Year Low – Here’s Why

BHP Group Limited (LON:BHP) shares hit a new 52-week low on Monday . The company traded as low as GBX 1,932.72 ($24.02) and last traded at GBX 1,933.99 ($24.03), with a volume of 4481185 shares. The stock had previously closed at GBX 1,970.39 ($24.49).

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Berenberg Bank reaffirmed a “hold” rating and set a GBX 2,000 ($24.85) target price on shares of BHP Group in a research note on Tuesday, November 19th. JPMorgan Chase & Co. raised their price objective on BHP Group from GBX 2,490 ($30.94) to GBX 2,580 ($32.06) and gave the company a “neutral” rating in a research report on Friday, December 6th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on BHP Group from GBX 2,250 ($27.96) to GBX 2,100 ($26.10) and set a “hold” rating on the stock in a report on Monday, September 9th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, BHP Group currently has a consensus rating of “Hold” and an average price target of GBX 2,700 ($33.55).

BHP Group Stock Down 1.5 %

The company has a market cap of £98.38 billion, a P/E ratio of 1,630.67, a P/E/G ratio of -0.78 and a beta of 0.84. The company has a debt-to-equity ratio of 45.26, a current ratio of 1.70 and a quick ratio of 1.37. The company’s 50-day moving average is GBX 2,066.44 and its two-hundred day moving average is GBX 2,132.49.

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.