BHP Group (LON:BHP) Hits New 52-Week Low - What's Next?

BHP Group Limited (LON:BHP - Get Free Report)'s stock price hit a new 52-week low during trading on Monday . The company traded as low as GBX 1,840 ($23.74) and last traded at GBX 1,846.22 ($23.82), with a volume of 8745453 shares. The stock had previously closed at GBX 1,895 ($24.45).

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on BHP. Berenberg Bank restated a "hold" rating and issued a GBX 1,900 ($24.51) price objective on shares of BHP Group in a report on Tuesday, February 18th. JPMorgan Chase & Co. reissued a "neutral" rating on shares of BHP Group in a research note on Tuesday, February 18th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, BHP Group currently has an average rating of "Hold" and a consensus target price of GBX 2,713.33 ($35.00).

BHP Group Trading Down 7.4 %

The company has a debt-to-equity ratio of 45.03, a current ratio of 1.70 and a quick ratio of 1.37. The firm has a market cap of £105.42 billion, a price-to-earnings ratio of 13.37, a price-to-earnings-growth ratio of -0.78 and a beta of 0.84. The firm's fifty day moving average is GBX 1,957.69 and its 200-day moving average is GBX 2,039.39.

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.