BHP Group (LON:BHP) Trading Up 1.8% – Should You Buy?

Shares of BHP Group Limited (LON:BHP) were up 1.8% during mid-day trading on Thursday . The stock traded as high as GBX 1,999 ($24.74) and last traded at GBX 1,988 ($24.61). Approximately 974,386 shares traded hands during trading, a decline of 53% from the average daily volume of 2,090,497 shares. The stock had previously closed at GBX 1,952 ($24.16).

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of BHP Group from GBX 2,490 ($30.82) to GBX 2,580 ($31.93) and gave the company a “neutral” rating in a research report on Friday, December 6th. Deutsche Bank Aktiengesellschaft dropped their price target on BHP Group from GBX 2,250 ($27.85) to GBX 2,100 ($25.99) and set a “hold” rating for the company in a report on Monday, September 9th. Finally, Berenberg Bank reissued a “hold” rating and issued a GBX 2,000 ($24.76) price objective on shares of BHP Group in a research note on Tuesday, November 19th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, BHP Group has an average rating of “Hold” and an average price target of GBX 2,700 ($33.42).

BHP Group Stock Performance

The stock has a market cap of £100.79 billion, a price-to-earnings ratio of 1,670.59, a P/E/G ratio of -0.78 and a beta of 0.84. The company has a current ratio of 1.70, a quick ratio of 1.37 and a debt-to-equity ratio of 45.26. The firm has a fifty day simple moving average of GBX 2,070.38 and a 200-day simple moving average of GBX 2,135.75.

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.