BHP Group (LON:BHP) Reaches New 52-Week Low – Here’s What Happened

Shares of BHP Group Limited (LON:BHP) hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 1,840 ($23.79) and last traded at GBX 1,846.22 ($23.87), with a volume of 8745453 shares. The stock had previously closed at GBX 1,895 ($24.50).

Wall Street Analysts Forecast Growth

BHP has been the topic of several research analyst reports. JPMorgan Chase & Co. reissued a “neutral” rating on shares of BHP Group in a report on Tuesday, February 18th. Berenberg Bank reissued a “hold” rating and issued a GBX 1,900 ($24.57) price target on shares of BHP Group in a research note on Tuesday, February 18th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, BHP Group currently has an average rating of “Hold” and an average price target of GBX 2,713.33 ($35.08).

BHP Group Stock Down 2.8 %

The firm has a market cap of £117.55 billion, a price-to-earnings ratio of 14.90, a PEG ratio of -0.78 and a beta of 0.84. The business has a fifty day simple moving average of GBX 1,980.10 and a 200 day simple moving average of GBX 2,048.44. The company has a debt-to-equity ratio of 45.03, a current ratio of 1.70 and a quick ratio of 1.37.

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.