BHP Group (LON:BHP) Trading Down 3.1% - Should You Sell?

Key Points

• BHP Group's stock price fell by 3.1% during mid-day trading, closing at GBX 2,010 ($27.01), a significant drop from its previous close of GBX 2,075 ($27.88).
• Analyst ratings are mixed, with a consensus rating of "Reduce" and a target price of GBX 1,920, while JPMorgan Chase & Co. has set a higher target of GBX 2,160.
• The company has a market capitalization of £103.12 billion and a high PE ratio of 1,145.43, reflecting potential volatility in its stock performance.

BHP Group Limited (LON:BHP - Get Free Report) traded down 3.1% on Thursday . The stock traded as low as GBX 2,007 ($27.17) and last traded at GBX 2,010 ($27.21). 677,068 shares were traded during mid-day trading, a decline of 49% from the average session volume of 1,317,531 shares. The stock had previously closed at GBX 2,075 ($28.09).

Wall Street Analysts Forecast Growth

BHP has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted 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 research report on Wednesday, August 20th. Berenberg Bank reissued a "sell" rating and set a GBX 1,700 target price on shares of BHP Group in a research report on Tuesday, August 19th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a GBX 1,900 target price on shares of BHP Group in a research report on Monday, July 21st. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Reduce" and an average price target of GBX 1,920.

BHP Group Stock Performance

The company's 50 day moving average price is GBX 1,961.37 and its 200-day moving average price is GBX 1,875.28. The company has a debt-to-equity ratio of 45.03, a quick ratio of 1.37 and a current ratio of 1.70. The company has a market cap of £99.23 billion, a PE ratio of 1,101.47, a price-to-earnings-growth 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.