BHP Group (LON:BHP) Stock Price Down 1.2% - Time to Sell?

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) shares traded down 1.2% during mid-day trading on Thursday . The stock traded as low as GBX 1,977.50 ($26.76) and last traded at GBX 1,981 ($26.80). 710,050 shares changed hands during mid-day trading, a decline of 47% from the average session volume of 1,349,238 shares. The stock had previously closed at GBX 2,005 ($27.13).

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Berenberg Bank lowered BHP Group from a "hold" rating to a "sell" rating in a research note on Wednesday, July 23rd. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a GBX 1,900 ($25.71) price target on shares of BHP Group in a research report on Monday, July 21st.

BHP Group Trading Down 1.2%

The firm has a 50 day simple moving average of GBX 1,870.51 and a 200 day simple moving average of GBX 1,875.98. The company has a current ratio of 1.70, a quick ratio of 1.37 and a debt-to-equity ratio of 45.03. The firm has a market capitalization of £126.45 billion, a PE ratio of 16.03, a P/E/G ratio of -0.78 and a beta of 0.84.

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.

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