BHP Group (LON:BHP) Hits New 1-Year High – Still a Buy?

BHP Group Limited (LON:BHP) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 2,403 and last traded at GBX 2,403, with a volume of 1014267 shares. The stock had previously closed at GBX 2,324.

Wall Street Analysts Forecast Growth

BHP has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their target price on BHP Group from GBX 2,100 to GBX 2,300 and gave the stock a “neutral” rating in a research report on Wednesday, December 3rd. Berenberg Bank reiterated a “sell” rating and issued a GBX 1,900 price target on shares of BHP Group in a research note on Wednesday, October 22nd. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, BHP Group has an average rating of “Reduce” and an average target price of GBX 2,033.33.

BHP Group Stock Performance

The company has a quick ratio of 1.37, a current ratio of 1.70 and a debt-to-equity ratio of 45.03. The firm has a 50-day simple moving average of GBX 2,175.63 and a 200 day simple moving average of GBX 2,049.80. The company has a market cap of £117.26 billion, a price-to-earnings ratio of 13.02, a price-to-earnings-growth ratio of -0.78 and a beta of 0.84.

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. We aim to do this through owning a portfolio of world class assets with exposure to highly attractive commodities that benefit from the mega-trends playing out in the world around us, by operating them exceptionally well, by maintaining a disciplined approach to capital allocation and through being industry leaders in sustainability and the creation of social value.

We are a global business with over 9,000 suppliers around the world, many of which are small to medium-sized businesses that are local to our assets.