BHP Group (LON:BHP) Shares Climb 1.5% - What's Next?

Key Points

• BHP shares rose 1.5% to GBX 3,261, while trading volume was 63% below the stock’s average daily volume.
• Analyst sentiment remains cautious: six analysts rate BHP “Hold,” producing a consensus rating of Hold and an average price target of GBX 3,116.67.
• BHP has a £165.76 billion market capitalization and trades at a price-to-earnings ratio of 16.88; its 50-day moving average is GBX 3,299.14 versus a 200-day average of GBX 3,126.

BHP Group Limited (LON:BHP - Get Free Report) shares traded up 1.5% during trading on Monday. The stock traded as high as GBX 3,277 and last traded at GBX 3,261. Approximately 1,296,129 shares traded hands during trading, a decline of 63% from the average daily volume of 3,479,465 shares. The stock had previously closed at GBX 3,214.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on BHP. Royal Bank Of Canada reiterated a "sector perform" rating and issued a GBX 2,900 price target on shares of BHP Group in a research note on Monday, August 17th. Jefferies Financial Group reaffirmed a "hold" rating and issued a GBX 3,350 price objective on shares of BHP Group in a report on Tuesday, August 18th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a GBX 2,700 target price on shares of BHP Group in a research report on Wednesday, August 19th. JPMorgan Chase & Co. reduced their target price on BHP Group from GBX 3,400 to GBX 3,000 and set a "neutral" rating on the stock in a report on Friday, July 10th. Finally, Berenberg Bank restated a "hold" rating and issued a GBX 3,400 price target on shares of BHP Group in a research report on Wednesday, August 19th. Six analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, BHP Group currently has a consensus rating of "Hold" and a consensus price target of GBX 3,116.67.

BHP Group Price Performance

The company has a debt-to-equity ratio of 53.26, a quick ratio of 1.37 and a current ratio of 1.88. The company has a market cap of £165.76 billion, a price-to-earnings ratio of 16.88, a PEG ratio of -0.78 and a beta of 0.84. The business has a fifty day moving average price of GBX 3,299.14 and a 200 day moving average price of GBX 3,126.

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. 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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