BHP Group (LON:BHP) Stock Price Down 1.2% - What's Next?

Key Points

• BHP Group's stock price has declined by 1.2%, trading between GBX 1,977.50 ($26.76) and GBX 1,981 ($26.80) during mid-day trading on Thursday.
• Analysts have downgraded BHP Group, with Berenberg Bank changing its rating from "hold" to "sell", while Deutsche Bank maintained a "hold" rating with a price target of GBX 1,900 ($25.71).
• The company's market capitalization is £126.45 billion, and it reported a PE ratio of 16.03 with a beta of 0.84.

BHP Group Limited (LON:BHP - Get Free Report) was down 1.2% on Thursday . The stock traded as low as GBX 1,977.50 ($26.71) and last traded at GBX 1,981 ($26.76). Approximately 710,050 shares changed hands during mid-day trading, a decline of 47% from the average daily volume of 1,349,238 shares. The stock had previously closed at GBX 2,005 ($27.08).

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on BHP shares. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a GBX 1,900 price target on shares of BHP Group in a report on Monday, July 21st. Berenberg Bank downgraded BHP Group from a "hold" rating to a "sell" rating in a report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Reduce" and a consensus target price of GBX 2,126.67.

BHP Group Stock Performance

The company has a market cap of £126.80 billion, a P/E ratio of 16.08, a PEG ratio of -0.78 and a beta of 0.84. The firm has a 50 day moving average of GBX 1,876.78 and a 200-day moving average of GBX 1,874.55. The company has a quick ratio of 1.37, a current ratio of 1.70 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.