BHP Group (LON:BHP) Trading Up 1.8% – Here’s Why

BHP Group Limited (LON:BHP) shot up 1.8% during trading on Thursday . The company traded as high as GBX 1,999 ($24.83) and last traded at GBX 1,988 ($24.70). 974,386 shares changed hands during mid-day trading, a decline of 53% from the average session volume of 2,090,497 shares. The stock had previously closed at GBX 1,952 ($24.25).

Analyst Ratings Changes

A number of equities research analysts recently weighed in on BHP shares. JPMorgan Chase & Co. boosted their price target on shares of BHP Group from GBX 2,490 ($30.93) to GBX 2,580 ($32.05) and gave the company a “neutral” rating in a research report on Friday, December 6th. Deutsche Bank Aktiengesellschaft cut their target price on BHP Group from GBX 2,250 ($27.95) to GBX 2,100 ($26.09) and set a “hold” rating on the stock in a research report on Monday, September 9th. Finally, Berenberg Bank reissued a “hold” rating and issued a GBX 2,000 ($24.84) target price on shares of BHP Group in a research report on Tuesday, November 19th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of GBX 2,700 ($33.54).

BHP Group Stock Down 0.9 %

The firm has a market capitalization of £99.90 billion, a PE ratio of 1,655.79, a PEG ratio of -0.78 and a beta of 0.84. The business’s fifty day moving average price is GBX 2,066.44 and its 200 day moving average price is GBX 2,134.61. The company has a quick ratio of 1.37, a current ratio of 1.70 and a debt-to-equity ratio of 45.26.

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.