BHP Group (LON:BHP) Shares Down 1.3% - Here's Why

Key Points

• BHP Group's stock decreased by 1.3%, trading as low as GBX 2,068 ($27.77) during mid-day, reflecting a decline from its previous closing price of GBX 2,113 ($28.37).
• Equities analysts have given the stock a mixed outlook, with targets ranging from GBX 1,700 to GBX 2,160, and a consensus average target price of GBX 1,986.67.
• The company's financial ratios indicate a quick ratio of 1.37 and a debt-to-equity ratio of 45.03, with a market capitalization of £105.93 billion.

BHP Group Limited (LON:BHP - Get Free Report)'s stock price traded down 1.3% during mid-day trading on Friday . The company traded as low as GBX 2,068 ($27.77) and last traded at GBX 2,086 ($28.01). 1,137,899 shares changed hands during trading, a decline of 22% from the average session volume of 1,462,914 shares. The stock had previously closed at GBX 2,113 ($28.37).

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Berenberg Bank upped their price target on BHP Group from GBX 1,700 to GBX 1,900 and gave the stock a "sell" rating in a research report on Wednesday, October 8th. JPMorgan Chase & Co. increased their target price on shares of BHP Group from GBX 2,130 to GBX 2,160 and gave the stock a "neutral" rating in a report on Wednesday, August 20th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a GBX 1,900 price target on shares of BHP Group in a research note on Monday, July 21st. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Reduce" and a consensus target price of GBX 1,986.67.

BHP Group Stock Performance

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 stock's fifty day moving average is GBX 2,029.76 and its two-hundred day moving average is GBX 1,896.16. The firm has a market capitalization of £105.93 billion, a price-to-earnings ratio of 1,175.87, 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.

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