BHP Group (LON:BHP) Sets New 52-Week Low – Time to Sell?

BHP Group Limited (LON:BHP)’s share price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 1,863.50 ($24.10) and last traded at GBX 1,880 ($24.32), with a volume of 1781548 shares changing hands. The stock had previously closed at GBX 1,925.50 ($24.91).

Analyst Ratings Changes

BHP has been the topic of several recent analyst reports. Berenberg Bank reiterated a “hold” rating and set a GBX 1,900 ($24.58) price objective on shares of BHP Group in a research report on Tuesday, February 18th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of BHP Group in a report on Tuesday, February 18th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, BHP Group currently has a consensus rating of “Hold” and an average target price of GBX 2,713.33 ($35.10).

BHP Group Stock Performance

The business’s fifty day moving average is GBX 1,997.35 and its two-hundred day moving average is GBX 2,059.86. The company has a quick ratio of 1.37, a current ratio of 1.70 and a debt-to-equity ratio of 45.03. The stock has a market capitalization of £121.79 billion, a PE ratio of 15.44, 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.