BHP Group (LON:BHP) Shares Down 1.6% - What's Next?

Key Points

• Shares down 1.6% intraday to GBX 2,575 (low GBX 2,562) with volume down about 61% versus the average session, after a prior close of GBX 2,617.
• Analyst activity is mixed: Berenberg upgraded the target to GBX 2,600 and rated the stock "buy," JPMorgan lifted its target to GBX 2,400 with a "neutral" rating, but the MarketBeat consensus remains "Hold" with a GBP 2,300 price target.
• Key fundamentals and technicals: market cap £130.76bn and P/E 12.79, trading below its 50‑day SMA (GBX 2,663) but above the 200‑day SMA (GBX 2,320); debt‑to‑equity is 62.55.

Shares of BHP Group Limited (LON:BHP - Get Free Report) traded down 1.6% during mid-day trading on Thursday . The company traded as low as GBX 2,562 and last traded at GBX 2,575. 1,448,477 shares changed hands during mid-day trading, a decline of 61% from the average session volume of 3,731,771 shares. The stock had previously closed at GBX 2,617.

Analyst Upgrades and Downgrades

BHP has been the subject of several recent analyst reports. Berenberg Bank raised their target price on shares of BHP Group from GBX 2,300 to GBX 2,600 and gave the company a "buy" rating in a research note on Thursday, March 5th. JPMorgan Chase & Co. increased their price target on shares of BHP Group from GBX 2,300 to GBX 2,400 and gave the stock a "neutral" rating in a report on Wednesday, January 21st. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, BHP Group has an average rating of "Hold" and a consensus price target of GBX 2,300.

BHP Group Price Performance

The firm has a market capitalization of £130.76 billion, a P/E ratio of 12.79, a PEG ratio of -0.78 and a beta of 0.74. The business's 50-day simple moving average is GBX 2,663.06 and its 200 day simple moving average is GBX 2,320.02. The company has a quick ratio of 1.37, a current ratio of 1.65 and a debt-to-equity ratio of 62.55.

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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