BHP Group (LON:BHP) Stock Price Up 1.7% – Here’s What Happened

BHP Group Limited (LON:BHP) shot up 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 traded 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.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on BHP shares. Jefferies Financial Group restated a “hold” rating and set a GBX 3,600 price objective on shares of BHP Group in a report on Tuesday, June 9th. JPMorgan Chase & Co. upgraded BHP Group to a “neutral” rating and increased their target price for the stock from GBX 2,600 to GBX 3,400 in a research note on Tuesday, May 26th. Berenberg Bank reiterated a “hold” rating and set a GBX 2,500 target price on shares of BHP Group in a research report on Thursday, April 23rd. Finally, Citigroup boosted their target price on shares of BHP Group from £290 to £350 and gave the company a “neutral” rating in a research note on Monday, June 8th. Five analysts have rated the stock with a Hold rating, According to MarketBeat, BHP Group presently has a consensus rating of “Hold” and an average target price of GBX 9,280.

BHP Group Stock Up 1.7%

The stock has a market cap of £157.60 billion, a PE ratio of 15.41, a price-to-earnings-growth ratio of -0.78 and a beta of 0.82. The business has a fifty day moving average of GBX 3,151.83 and a 200-day moving average of GBX 2,784.05. The company has a debt-to-equity ratio of 62.55, a current ratio of 1.65 and a quick ratio of 1.37.

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.