BHP Group (LON:BHP) Hits New 12-Month Low - Here's Why

BHP Group Limited (LON:BHP - Get Free Report) reached a new 52-week low during trading on Friday . The stock traded as low as GBX 1,911 ($24.45) and last traded at GBX 1,918.70 ($24.55), with a volume of 6293695 shares trading hands. The stock had previously closed at GBX 1,972 ($25.23).

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Berenberg Bank reissued a "hold" rating and issued a GBX 1,900 ($24.31) price objective on shares of BHP Group in a research note on Tuesday, February 18th. JPMorgan Chase & Co. reissued a "neutral" rating on shares of BHP Group in a report on Tuesday, February 18th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, BHP Group presently has a consensus rating of "Hold" and an average price target of GBX 2,713.33 ($34.71).

BHP Group Stock Performance

The stock's 50 day moving average price is GBX 2,004.64 and its 200 day moving average price is GBX 2,069.06. The company has a market cap of £122.50 billion, a price-to-earnings ratio of 15.53, a P/E/G ratio of -0.78 and a beta of 0.84. The company has a current ratio of 1.70, a quick ratio of 1.37 and a debt-to-equity ratio of 45.03.

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.