BHP Group (LON:BHP) Shares Up 1.8% - Time to Buy?

BHP Group Limited (LON:BHP - Get Free Report) shares shot up 1.8% on Thursday . The stock traded as high as GBX 1,999 ($24.83) and last traded at GBX 1,988 ($24.70). 974,386 shares changed hands during trading, a decline of 53% from the average session volume of 2,090,497 shares. The stock had previously closed at GBX 1,952 ($24.25).

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on BHP shares. JPMorgan Chase & Co. lifted their price target on shares of BHP Group from GBX 2,490 ($30.93) to GBX 2,580 ($32.05) and gave the company a "neutral" rating in a research report on Friday, December 6th. Deutsche Bank Aktiengesellschaft decreased their target price on BHP Group from GBX 2,250 ($27.95) to GBX 2,100 ($26.09) and set a "hold" rating on the stock in a research report on Monday, September 9th. Finally, Berenberg Bank restated a "hold" rating and issued a GBX 2,000 ($24.84) price target on shares of BHP Group in a research report on Tuesday, November 19th. Five research 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, the company presently has an average rating of "Hold" and an average price target of GBX 2,700 ($33.54).

BHP Group Trading Down 0.9 %

The firm's 50 day simple moving average is GBX 2,070.38 and its two-hundred day simple moving average is GBX 2,135.75. The company has a quick ratio of 1.37, a current ratio of 1.70 and a debt-to-equity ratio of 45.26. The stock has a market cap of £99.90 billion, a P/E ratio of 1,655.79, a price-to-earnings-growth ratio of -0.78 and a beta of 0.84.

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.