BHP Group (LON:BHP) Hits New 12-Month Low – What’s Next?

BHP Group Limited (LON:BHP) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 1,932.72 ($24.11) and last traded at GBX 1,933.99 ($24.13), with a volume of 4481185 shares changing hands. The stock had previously closed at GBX 1,970.39 ($24.58).

Analysts Set New Price Targets

Several analysts have issued reports on BHP shares. JPMorgan Chase & Co. increased their target price on BHP Group from GBX 2,490 ($31.06) to GBX 2,580 ($32.19) and gave the company a “neutral” rating in a research report on Friday, December 6th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 2,000 ($24.95) target price on shares of BHP Group in a research report on Tuesday, November 19th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of GBX 2,700 ($33.68).

BHP Group Price Performance

The company has a market cap of £98.26 billion, a PE ratio of 1,628.57, a price-to-earnings-growth ratio of -0.78 and a beta of 0.84. The company has a debt-to-equity ratio of 45.26, a quick ratio of 1.37 and a current ratio of 1.70. The stock has a 50 day moving average of GBX 2,057.92 and a 200-day moving average of GBX 2,127.63.

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.