BHP Group (LON:BHP) Sets New 12-Month Low – Here’s Why

Shares of BHP Group Limited (LON:BHP) hit a new 52-week low on Friday . The company traded as low as GBX 1,911 ($24.09) and last traded at GBX 1,918.70 ($24.18), with a volume of 6293695 shares changing hands. The stock had previously closed at GBX 1,972 ($24.86).

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on BHP. Berenberg Bank reaffirmed a “hold” rating and set a GBX 1,900 ($23.95) target price on shares of BHP Group in a research report on Tuesday, February 18th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of BHP Group in a report on Tuesday, February 18th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of GBX 2,685.71 ($33.85).

BHP Group Trading Down 2.0 %

The company has a debt-to-equity ratio of 45.03, a current ratio of 1.70 and a quick ratio of 1.37. The company has a market capitalization of £123.33 billion, a price-to-earnings ratio of 15.64, a price-to-earnings-growth ratio of -0.78 and a beta of 0.84. The business has a fifty day moving average price of GBX 2,006.22 and a 200 day moving average price of GBX 2,073.33.

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.