BHP Group (LON:BHP) Shares Down 1.8% - Here's Why

Key Points

• BHP Group's shares fell by 1.8% on Friday, trading as low as GBX 2,037.60, with a significant drop in trading volume reported at 772,298 shares, down 48% from the average.
• Analysts have set varied price targets for BHP Group, with JPMorgan increasing their target to GBX 2,160 and Deutsche Bank setting a lower target of GBX 1,900, reflecting a mix of "hold" and "sell" ratings.
• The company's stock has a current market cap of £103.80 billion, with a notably high price-to-earnings ratio of 1,152.20, indicating potential concerns over valuation.

BHP Group Limited (LON:BHP - Get Free Report) was down 1.8% on Friday . The company traded as low as GBX 2,037.60 ($27.31) and last traded at GBX 2,044 ($27.39). Approximately 772,298 shares traded hands during mid-day trading, a decline of 48% from the average daily volume of 1,495,640 shares. The stock had previously closed at GBX 2,081 ($27.89).

Analysts Set New Price Targets

A number of research analysts recently commented on BHP shares. JPMorgan Chase & Co. upped their price objective on BHP Group from GBX 2,130 to GBX 2,160 and gave the stock a "neutral" rating in a research note on Wednesday, August 20th. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a GBX 1,900 price objective on shares of BHP Group in a report on Monday, July 21st. Finally, Berenberg Bank restated a "sell" rating and issued a GBX 1,700 price objective on shares of BHP Group in a report on Tuesday, August 19th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, BHP Group currently has an average rating of "Reduce" and an average target price of GBX 1,920.

BHP Group Price Performance

The stock has a market cap of £103.80 billion, a price-to-earnings ratio of 1,152.20, a price-to-earnings-growth ratio of -0.78 and a beta of 0.84. The stock has a fifty day simple moving average of GBX 1,985.93 and a 200-day simple moving average of GBX 1,877.26. The company has a current ratio of 1.70, a quick ratio of 1.37 and a debt-to-equity ratio of 45.03.

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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