BHP Group (LON:BHP) Stock Price Down 0.6% - What's Next?

BHP Group Limited (LON:BHP - Get Free Report)'s stock price traded down 0.6% on Thursday . The company traded as low as GBX 2,031 ($25.60) and last traded at GBX 2,046 ($25.78). 1,155,170 shares were traded during mid-day trading, a decline of 49% from the average session volume of 2,264,238 shares. The stock had previously closed at GBX 2,058 ($25.94).

Wall Street Analyst Weigh In

BHP has been the topic of several research analyst reports. Berenberg Bank restated a "hold" rating and set a GBX 2,000 ($25.20) target price on shares of BHP Group in a research note on Wednesday, August 28th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of BHP Group from GBX 2,250 ($28.36) to GBX 2,100 ($26.47) and set a "hold" rating on the stock in a report on Monday, September 9th. Royal Bank of Canada lifted their target price on shares of BHP Group from GBX 4,400 ($55.45) to GBX 4,500 ($56.71) and gave the stock a "sector perform" rating in a research note on Thursday, July 18th. JPMorgan Chase & Co. cut their price target on shares of BHP Group from GBX 2,720 ($34.28) to GBX 2,650 ($33.40) and set a "neutral" rating on the stock in a research note on Thursday, July 18th. Finally, Citigroup reiterated a "buy" rating and set a GBX 2,500 ($31.51) price objective on shares of BHP Group in a research note on Thursday, July 18th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, BHP Group currently has a consensus rating of "Hold" and an average target price of GBX 2,710 ($34.15).

BHP Group Stock Performance

The company has a market cap of £104.14 billion, a PE ratio of 1,730.25, a PEG ratio of -0.78 and a beta of 0.84. The stock has a 50 day simple moving average of GBX 2,142.05 and a two-hundred day simple moving average of GBX 2,199.32. The company has a debt-to-equity ratio of 45.26, a current ratio of 1.70 and a quick ratio of 1.37.

BHP Group Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, October 3rd. Investors of record on Thursday, September 12th were issued a dividend of $0.74 per share. The ex-dividend date of this dividend was Thursday, September 12th. This is an increase from BHP Group's previous dividend of $0.72. This represents a dividend yield of 2.7%. BHP Group's dividend payout ratio (DPR) is currently 9,495.80%.

About BHP Group

BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally. The company operates through Copper, Iron Ore, and Coal segments. It engages in the mining of copper, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.