BHP Group (LON:BHP) Shares Up 1.7% – Should You Buy?

BHP Group Limited (LON:BHP) shares rose 1.7% on Tuesday . The stock traded as high as GBX 3,130.28 and last traded at GBX 3,102. 15,943,591 shares changed hands during mid-day trading, an increase of 234% from the average session volume of 4,770,904 shares. The stock had previously closed at GBX 3,051.

Analyst Ratings Changes

BHP has been the subject of several recent research reports. Jefferies Financial Group reissued a “hold” rating and issued a GBX 3,600 price target on shares of BHP Group in a research report on Tuesday, June 9th. JPMorgan Chase & Co. upgraded shares of BHP Group to a “neutral” rating and boosted their target price for the stock from GBX 2,600 to GBX 3,400 in a report on Tuesday, May 26th. Berenberg Bank reissued a “hold” rating and set a GBX 2,500 price target on shares of BHP Group in a research report on Thursday, April 23rd. Finally, Citigroup raised their price target on shares of BHP Group from £290 to £350 and gave the company a “neutral” rating in a report on Monday, June 8th. Five equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 9,280.

BHP Group Stock Performance

The company has a market cap of £157.60 billion, a PE ratio of 15.41, a P/E/G ratio of -0.78 and a beta of 0.82. The company has a current ratio of 1.65, a quick ratio of 1.37 and a debt-to-equity ratio of 62.55. The firm’s 50-day simple moving average is GBX 3,151.83 and its two-hundred day simple moving average is GBX 2,784.05.

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. 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.