BHP Group (LON:BHP) Shares Cross Above 200 Day Moving Average – Should You Sell?

BHP Group Limited (LON:BHP)’s share price passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of GBX 3,040.99 and traded as high as GBX 3,086. BHP Group shares last traded at GBX 3,070, with a volume of 860,791 shares.

Wall Street Analyst Weigh In

Several analysts recently issued reports on BHP shares. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 3,350 price objective on shares of BHP Group in a report on Tuesday, August 18th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 2,900 target price on shares of BHP Group in a report on Monday, August 17th. Deutsche Bank dropped their target price on shares of BHP Group from GBX 3,050 to GBX 2,900 and set a “hold” rating on the stock in a report on Wednesday, October 21st. Citigroup boosted their target price on shares of BHP Group from GBX 3,250 to GBX 3,350 and gave the stock a “neutral” rating in a research report on Thursday, September 10th. Finally, Berenberg Bank restated a “hold” rating and set a GBX 3,500 price target on shares of BHP Group in a report on Wednesday, October 21st. Six investment analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, BHP Group presently has a consensus rating of “Hold” and a consensus price target of GBX 3,166.67.

BHP Group Stock Up 1.5%

The company has a debt-to-equity ratio of 53.26, a quick ratio of 1.37 and a current ratio of 1.88. The company has a market capitalization of £156.96 billion, a price-to-earnings ratio of 15.98, a price-to-earnings-growth ratio of -0.78 and a beta of 0.84. The firm’s 50-day simple moving average is GBX 3,153.08 and its 200-day simple moving average is GBX 3,047.25.

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.