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.
Analyst Ratings Changes
Several analysts have issued reports on BHP shares. JPMorgan Chase & Co. decreased their price objective on shares of BHP Group from GBX 2,510 ($30.33) to GBX 2,440 ($29.48) in a research note on Wednesday, July 20th. StockNews.com downgraded shares of BHP Group from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, August 10th. Jefferies Financial Group raised shares of BHP Group to a "buy" rating and set a $82.00 price objective for the company in a research note on Friday, June 24th. The Goldman Sachs Group downgraded shares of BHP Group from a "buy" rating to a "neutral" rating in a research note on Wednesday, July 13th. Finally, Credit Suisse Group reduced their price objective on shares of BHP Group from GBX 2,500 ($30.21) to GBX 2,200 ($26.58) in a research note on Wednesday, July 20th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $1,770.35.
BHP Group Price Performance
NYSE:BHP opened at $54.74 on Tuesday. BHP Group has a one year low of $47.35 and a one year high of $79.66. The company has a quick ratio of 1.71, a current ratio of 1.92 and a debt-to-equity ratio of 0.29. The firm's fifty day moving average is $55.36 and its two-hundred day moving average is $64.75.