BHP Group (LON:BHP) Shares Up 1.8% – Still a Buy?

Shares of BHP Group Limited (LON:BHP) shot up 1.8% during trading on Thursday . The stock traded as high as GBX 1,999 ($24.83) and last traded at GBX 1,988 ($24.70). 974,386 shares changed hands during mid-day trading, a decline of 53% from the average session volume of 2,090,497 shares. The stock had previously closed at GBX 1,952 ($24.25).

Analyst Ratings Changes

BHP has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft cut their price objective on BHP Group from GBX 2,250 ($27.95) to GBX 2,100 ($26.09) and set a “hold” rating on the stock in a research report on Monday, September 9th. Berenberg Bank restated a “hold” rating and set a GBX 2,000 ($24.84) price target on shares of BHP Group in a report on Tuesday, November 19th. Finally, JPMorgan Chase & Co. increased their price target on BHP Group from GBX 2,490 ($30.93) to GBX 2,580 ($32.05) and gave the company a “neutral” rating in a research report on Friday, December 6th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of GBX 2,700 ($33.54).

BHP Group Trading Down 0.9 %

The firm has a market capitalization of £99.90 billion, a price-to-earnings ratio of 1,655.79, a PEG 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 company has a 50-day moving average price of GBX 2,066.44 and a 200-day moving average price of GBX 2,134.61.

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.