BHP Group (LON:BHP) Reaches New 1-Year High - Here's Why

Key Points

• BHP hit a new 52‑week high — intraday high GBX 3,086.50 and last at GBX 3,069.65 (prior close GBX 2,914) on volume of about 2.61 million shares.
• Despite recent price‑target upgrades from JPMorgan (GBX 2,600) and Citigroup (GBX 2,850), analysts maintain a consensus "Hold" with an average target of GBX 2,462.50, well below the current share price.
• The stock is in an uptrend (50‑day MA GBX 2,800.87 vs 200‑day MA GBX 2,475.79) and trades with a market cap of £154.48bn, a PE of 15.11 and a debt‑to‑equity ratio of 62.55.

BHP Group Limited (LON:BHP - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 3,086.50 and last traded at GBX 3,069.65, with a volume of 2607492 shares traded. The stock had previously closed at GBX 2,914.

Analyst Ratings Changes

Several brokerages recently issued reports on BHP. JPMorgan Chase & Co. upped their price target on BHP Group from GBX 2,500 to GBX 2,600 and gave the stock a "neutral" rating in a report on Thursday, April 23rd. Berenberg Bank restated a "hold" rating and issued a GBX 2,500 price objective on shares of BHP Group in a research note on Thursday, April 23rd. Finally, Citigroup upped their price objective on BHP Group from GBX 2,800 to GBX 2,850 and gave the company a "neutral" rating in a research note on Monday, April 13th. Four research analysts have rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of GBX 2,462.50.

BHP Group Price Performance

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 business has a 50-day moving average price of GBX 2,800.87 and a 200 day moving average price of GBX 2,475.79. The stock has a market cap of £154.48 billion, a PE ratio of 15.11, a PEG ratio of -0.78 and a beta of 0.80.

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.

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