BHP Group (LON:BHP) Sets New 12-Month Low – Time to Sell?

BHP Group Limited (LON:BHP) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 1,932.72 ($24.02) and last traded at GBX 1,933.99 ($24.03), with a volume of 4481185 shares traded. The stock had previously closed at GBX 1,970.39 ($24.49).

Wall Street Analysts Forecast Growth

BHP has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft decreased their price target on BHP Group from GBX 2,250 ($27.96) to GBX 2,100 ($26.10) and set a “hold” rating on the stock in a research note on Monday, September 9th. Berenberg Bank reissued a “hold” rating and issued a GBX 2,000 ($24.85) price target on shares of BHP Group in a report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. upped their price objective on shares of BHP Group from GBX 2,490 ($30.94) to GBX 2,580 ($32.06) and gave the company a “neutral” rating in a research note on Friday, December 6th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of GBX 2,700 ($33.55).

BHP Group Price Performance

The stock has a market cap of £98.38 billion, a PE ratio of 1,630.67, a P/E/G ratio of -0.78 and a beta of 0.84. The business has a fifty day simple moving average of GBX 2,066.44 and a two-hundred day simple moving average of GBX 2,132.49. The company has a current ratio of 1.70, a quick ratio of 1.37 and a debt-to-equity ratio of 45.26.

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.