BHP Group (LON:BHP) Stock Price Down 0.6% – Here’s Why

BHP Group Limited (LON:BHP) shares were down 0.6% during trading on Thursday . The company traded as low as GBX 2,031 ($25.60) and last traded at GBX 2,046 ($25.78). Approximately 1,155,170 shares changed hands during trading, a decline of 49% from the average daily volume of 2,264,238 shares. The stock had previously closed at GBX 2,058 ($25.94).

Analyst Ratings Changes

A number of analysts have recently commented on BHP shares. Deutsche Bank Aktiengesellschaft cut their target price on BHP Group from GBX 2,250 ($28.36) to GBX 2,100 ($26.47) and set a “hold” rating on the stock in a research report on Monday, September 9th. Berenberg Bank restated a “hold” rating and issued a GBX 2,000 ($25.20) price target on shares of BHP Group in a research report on Wednesday, August 28th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of GBX 2,710 ($34.15).

BHP Group Price Performance

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 company has a 50-day simple moving average of GBX 2,141.47 and a 200-day simple moving average of GBX 2,197.44. The company has a market cap of £104.14 billion, a price-to-earnings ratio of 1,726.05, a PEG ratio of -0.78 and a beta of 0.84.

BHP Group Increases Dividend

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