BHP Group (LON:BHP) Hits New 52-Week Low - Here's What Happened

BHP Group Limited (LON:BHP - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 1,564 ($20.47) and last traded at GBX 1,588 ($20.79), with a volume of 5939767 shares changing hands. The stock had previously closed at GBX 1,646.70 ($21.55).

Analysts Set New Price Targets

BHP has been the subject of several research analyst reports. Berenberg Bank reaffirmed a "hold" rating and set a GBX 1,900 ($24.87) price target on shares of BHP Group in a research report on Tuesday, February 18th. JPMorgan Chase & Co. reaffirmed a "neutral" rating on shares of BHP Group in a research report on Tuesday, February 18th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, BHP Group presently has a consensus rating of "Hold" and an average price target of GBX 2,713.33 ($35.51).

BHP Group Trading Up 3.1 %

The firm's 50 day simple moving average is GBX 1,909.93 and its 200-day simple moving average is GBX 2,023.31. The company has a quick ratio of 1.37, a current ratio of 1.70 and a debt-to-equity ratio of 45.03. The company has a market capitalization of £109.09 billion, a PE ratio of 13.83, a P/E/G ratio of -0.78 and a beta of 0.84.

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.