BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, rest of Asia, North America, South America, and internationally. It operates through Petroleum, Copper, Iron Ore, and Coal segments. The company engages in the exploration, development, and production of oil and gas properties; and mining of copper, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal. It is also involved in mining, smelting, and refining of nickel; and potash development activities. In addition, the company provides towing, freight, marketing and trading, marketing support, finance, administrative, and other services. The company was founded in 1851 and is headquartered in Melbourne, Australia.
BHP Group Price Performance
BHP Group stock traded up $1.27 during midday trading on Friday, reaching $54.40. 2,309,311 shares of the stock traded hands, compared to its average volume of 3,006,992. The company has a 50-day simple moving average of $57.07 and a two-hundred day simple moving average of $65.18. BHP Group has a 12-month low of $47.35 and a 12-month high of $79.66. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.71 and a current ratio of 1.92.
Analyst Ratings Changes
A number of analysts recently issued reports on BHP shares. Barclays cut their price objective on BHP Group from GBX 2,700 ($33.08) to GBX 2,400 ($29.41) in a research report on Wednesday, May 25th. UBS Group cut their price objective on BHP Group from GBX 2,100 ($25.73) to GBX 2,050 ($25.12) in a research report on Wednesday, July 20th. Credit Suisse Group cut their price objective on BHP Group from GBX 2,500 ($30.63) to GBX 2,200 ($26.96) in a research report on Wednesday, July 20th. JPMorgan Chase & Co. cut their price objective on BHP Group from GBX 2,510 ($30.76) to GBX 2,440 ($29.90) in a research report on Wednesday, July 20th. Finally, Liberum Capital downgraded BHP Group from a "hold" rating to a "sell" rating in a research report on Wednesday, May 4th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, BHP Group presently has a consensus rating of "Hold" and a consensus target price of $1,770.35.