BHP Group (LON:BHP) Hits New 12-Month Low – What’s Next?

BHP Group Limited (LON:BHP) reached a new 52-week low on Monday . The company traded as low as GBX 1,932.72 ($24.11) and last traded at GBX 1,933.99 ($24.13), with a volume of 4481185 shares trading hands. The stock had previously closed at GBX 1,970.39 ($24.58).

Wall Street Analysts Forecast Growth

BHP has been the subject of several recent analyst reports. JPMorgan Chase & Co. lifted their price target on BHP Group from GBX 2,490 ($31.06) to GBX 2,580 ($32.19) and gave the company a “neutral” rating in a research note on Friday, December 6th. Berenberg Bank restated a “hold” rating and issued a GBX 2,000 ($24.95) price target on shares of BHP Group in a research note on Tuesday, November 19th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of GBX 2,700 ($33.68).

BHP Group Price Performance

The company has a debt-to-equity ratio of 45.26, a current ratio of 1.70 and a quick ratio of 1.37. The stock’s fifty day moving average is GBX 2,057.92 and its 200-day moving average is GBX 2,127.63. The stock has a market cap of £98.26 billion, a PE ratio of 1,628.57, 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.