BHP Group (LON:BHP) Stock Price Down 0.9% – Should You Sell?

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

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BHP. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of BHP Group from GBX 2,250 ($29.21) to GBX 2,100 ($27.27) and set a “hold” rating on the stock in a research report on Monday, September 9th. Berenberg Bank reaffirmed a “hold” rating and set a GBX 2,000 ($25.97) price target on shares of BHP Group in a research note on Wednesday, August 28th. Citigroup reissued a “buy” rating and set a GBX 2,500 ($32.46) price objective on shares of BHP Group in a report on Thursday, July 18th. JPMorgan Chase & Co. cut their target price on BHP Group from GBX 2,720 ($35.32) to GBX 2,650 ($34.41) and set a “neutral” rating for the company in a research note on Thursday, July 18th. Finally, Royal Bank of Canada increased their price target on shares of BHP Group from GBX 4,400 ($57.13) to GBX 4,500 ($58.43) and gave the company a “sector perform” rating in a research report on Thursday, July 18th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, BHP Group has a consensus rating of “Hold” and an average price target of GBX 2,710 ($35.19).

BHP Group Price Performance

The company has a current ratio of 1.70, a quick ratio of 1.37 and a debt-to-equity ratio of 45.26. The business’s 50 day moving average price is GBX 2,122.21 and its two-hundred day moving average price is GBX 2,218.55. The stock has a market cap of £109.16 billion, a P/E ratio of 1,809.24, a price-to-earnings-growth ratio of -0.78 and a beta of 0.84.

BHP Group Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th were issued a dividend of $0.74 per share. This is an increase from BHP Group’s previous dividend of $0.72. The ex-dividend date of this dividend was Thursday, September 12th. This represents a dividend yield of 2.7%. BHP Group’s dividend payout ratio is 9,495.80%.

BHP Group Company Profile

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.