BHP Group (LON:BHP) Hits New 1-Year Low - What's Next?

BHP Group Limited (LON:BHP - Get Free Report) shares reached a new 52-week low on Monday . The stock traded as low as GBX 1,932.72 ($24.18) and last traded at GBX 1,933.99 ($24.20), with a volume of 4481185 shares trading hands. The stock had previously closed at GBX 1,970.39 ($24.65).

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on BHP shares. Deutsche Bank Aktiengesellschaft reduced their price target on shares of BHP Group from GBX 2,250 ($28.15) to GBX 2,100 ($26.27) and set a "hold" rating on the stock in a report on Monday, September 9th. JPMorgan Chase & Co. lifted their target price on BHP Group from GBX 2,490 ($31.15) to GBX 2,580 ($32.28) and gave the stock a "neutral" rating in a report on Friday, December 6th. Finally, Berenberg Bank reissued a "hold" rating and set a GBX 2,000 ($25.02) price target on shares of BHP Group in a research note on Tuesday, November 19th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of GBX 2,700 ($33.78).

BHP Group Stock Performance

The firm has a market capitalization of £99.57 billion, a PE ratio of 1,650.42, a P/E/G ratio of -0.78 and a beta of 0.84. The business has a 50-day simple moving average of GBX 2,062 and a 200-day simple moving average of GBX 2,130.27. The company has a debt-to-equity ratio of 45.26, a current ratio of 1.70 and a quick ratio of 1.37.

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.