BHP Group (LON:BHP) Trading 1.8% Higher – Here’s What Happened

Posted by Defense World Staff on Jan 3rd, 2025

BHP Group Limited (LON:BHP – Get Free Report)’s stock price shot up 1.8% on Thursday . The stock traded as high as GBX 1,999 ($24.74) and last traded at GBX 1,988 ($24.61). 974,386 shares changed hands during trading, a decline of 53% from the average session volume of 2,090,497 shares. The stock had previously closed at GBX 1,952 ($24.16).

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BHP. Deutsche Bank Aktiengesellschaft reduced their price objective on BHP Group from GBX 2,250 ($27.85) to GBX 2,100 ($25.99) and set a “hold” rating for the company in a research note on Monday, September 9th. JPMorgan Chase & Co. increased their price objective on BHP Group from GBX 2,490 ($30.82) to GBX 2,580 ($31.93) and gave the stock a “neutral” rating in a report on Friday, December 6th. Finally, Berenberg Bank reaffirmed a “hold” rating and issued a GBX 2,000 ($24.76) target price on shares of BHP Group in a research report on Tuesday, November 19th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, BHP Group has a consensus rating of “Hold” and a consensus target price of GBX 2,700 ($33.42).

View Our Latest Stock Analysis on BHP

BHP Group Trading Up 1.8 %

The firm has a market capitalization of £100.79 billion, a price-to-earnings ratio of 1,670.59, a P/E/G ratio of -0.78 and a beta of 0.84. The business has a 50-day moving average of GBX 2,070.38 and a two-hundred day moving average of GBX 2,135.75. The company has a quick ratio of 1.37, a current ratio of 1.70 and a debt-to-equity ratio of 45.26.

BHP Group Company Profile

(Get Free Report)

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.