BHP Group (LON:BHP) Stock Price Down 0.6% – What’s Next?

BHP Group Limited (LON:BHP) shares fell 0.6% on Thursday . The stock traded as low as GBX 2,031 ($26.14) and last traded at GBX 2,046 ($26.33). 1,155,170 shares changed hands during mid-day trading, a decline of 49% from the average session volume of 2,264,238 shares. The stock had previously closed at GBX 2,058 ($26.48).

Wall Street Analyst Weigh In

Several research firms have commented on BHP. Royal Bank of Canada increased their price objective on shares of BHP Group from GBX 4,400 ($56.62) to GBX 4,500 ($57.91) and gave the company a “sector perform” rating in a research report on Thursday, July 18th. JPMorgan Chase & Co. lowered their price target on shares of BHP Group from GBX 2,720 ($35.00) to GBX 2,650 ($34.10) and set a “neutral” rating for the company in a report on Thursday, July 18th. Berenberg Bank reissued a “hold” rating and set a GBX 2,000 ($25.74) price objective on shares of BHP Group in a research note on Wednesday, August 28th. Citigroup restated a “buy” rating and set a GBX 2,500 ($32.17) price objective on shares of BHP Group in a research report on Thursday, July 18th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on BHP Group from GBX 2,250 ($28.95) to GBX 2,100 ($27.02) and set a “hold” rating for the company in a report on Monday, September 9th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of GBX 2,710 ($34.87).

BHP Group Stock Performance

The company has a quick ratio of 1.37, a current ratio of 1.70 and a debt-to-equity ratio of 45.26. The business has a 50 day moving average price of GBX 2,143.05 and a 200 day moving average price of GBX 2,201.54. The stock has a market cap of £103.73 billion, a P/E ratio of 1,719.33, a PEG ratio of -0.78 and a beta of 0.84.

BHP Group Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th were given a $0.74 dividend. This represents a yield of 2.7%. The ex-dividend date of this dividend was Thursday, September 12th. This is an increase from BHP Group’s previous dividend of $0.72. BHP Group’s dividend payout ratio is 9,495.80%.

About BHP Group

BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally. The company operates through Copper, Iron Ore, and Coal segments. It engages in the mining of copper, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.