BHP Group (LON:BHP) Reaches New 52-Week High – Time to Buy?

Shares of BHP Group Limited (LON:BHP) reached a new 52-week high on Tuesday . The stock traded as high as GBX 2,776 and last traded at GBX 2,732, with a volume of 5443958 shares traded. The stock had previously closed at GBX 2,675.

Analyst Ratings Changes

Several equities analysts have recently weighed in on BHP shares. Berenberg Bank reaffirmed a “sell” rating and set a GBX 2,000 price target on shares of BHP Group in a research note on Tuesday, January 20th. JPMorgan Chase & Co. raised their target price on shares of BHP Group from GBX 2,300 to GBX 2,400 and gave the company a “neutral” rating in a research report on Wednesday, January 21st. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of GBX 2,100.

BHP Group Stock Performance

The firm has a market cap of £138.74 billion, a price-to-earnings ratio of 15.40, a price-to-earnings-growth 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. The stock’s 50 day moving average is GBX 2,408.21 and its 200 day moving average is GBX 2,178.73.

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.