BHP Group (LON:BHP) Shares Down 0.9% - Here's What Happened

BHP Group Limited (LON:BHP - Get Free Report)'s share price traded down 0.9% during mid-day trading on Monday . The company traded as low as GBX 2,164 ($28.10) and last traded at GBX 2,167 ($28.14). 1,170,401 shares traded hands during mid-day trading, a decline of 51% from the average session volume of 2,375,050 shares. The stock had previously closed at GBX 2,187 ($28.40).

Analyst Upgrades and Downgrades

BHP has been the topic of a number of recent analyst reports. Citigroup reaffirmed a "buy" rating and issued a GBX 2,500 ($32.46) price objective on shares of BHP Group in a research note on Thursday, July 18th. JPMorgan Chase & Co. dropped their price target on BHP Group from GBX 2,720 ($35.32) to GBX 2,650 ($34.41) and set a "neutral" rating on the stock in a research note on Thursday, July 18th. Berenberg Bank restated a "hold" rating and set a GBX 2,000 ($25.97) price objective on shares of BHP Group in a report on Wednesday, August 28th. Royal Bank of Canada upped their price target on BHP Group from GBX 4,400 ($57.13) to GBX 4,500 ($58.43) and gave the stock a "sector perform" rating in a report on Thursday, July 18th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on BHP Group from GBX 2,250 ($29.21) to GBX 2,100 ($27.27) and set a "hold" rating for the company in a report on Monday, September 9th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of GBX 2,710 ($35.19).

BHP Group Price Performance

The company has a debt-to-equity ratio of 45.26, a quick ratio of 1.37 and a current ratio of 1.70. The business has a 50 day simple moving average of GBX 2,118.51 and a 200-day simple moving average of GBX 2,219.60. The stock has a market cap of £109.87 billion, a P/E ratio of 1,821.01, a P/E/G ratio of -0.78 and a beta of 0.84.

BHP Group Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, October 3rd. Stockholders of record on Thursday, September 12th were given a dividend of $0.74 per share. This represents a dividend yield of 2.7%. The ex-dividend date was Thursday, September 12th. This is a boost from BHP Group's previous dividend of $0.72. BHP Group's dividend payout ratio 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.

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