BHP Group (LON:BHP) Reaches New 1-Year Low – Here’s Why

BHP Group Limited (LON:BHP)’s share price reached a new 52-week low on Thursday . The stock traded as low as GBX 1,863.50 ($24.17) and last traded at GBX 1,880 ($24.38), with a volume of 1781548 shares changing hands. The stock had previously closed at GBX 1,925.50 ($24.97).

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Berenberg Bank reiterated a “hold” rating and issued a GBX 1,900 ($24.64) target price on shares of BHP Group in a report on Tuesday, February 18th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of BHP Group in a report on Tuesday, February 18th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, BHP Group has an average rating of “Hold” and a consensus price target of GBX 2,713.33 ($35.19).

BHP Group Price Performance

The company has a debt-to-equity ratio of 45.03, a quick ratio of 1.37 and a current ratio of 1.70. The company has a market cap of £120.01 billion, a PE ratio of 15.22, a PEG ratio of -0.78 and a beta of 0.84. The company’s 50-day simple moving average is GBX 2,000.52 and its 200 day simple moving average is GBX 2,062.09.

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.