BP p.l.c. (LON:BP) Given Average Rating of “Moderate Buy” by Brokerages

BP p.l.c. (LON:BP) has received an average rating of “Moderate Buy” from the seven research firms that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 578.33 ($7.35).

BP has been the topic of several research reports. Royal Bank of Canada reiterated a “sector perform” rating and set a GBX 480 ($6.10) price objective on shares of BP in a research report on Thursday, February 20th. JPMorgan Chase & Co. raised BP to a “neutral” rating and boosted their target price for the stock from GBX 440 ($5.59) to GBX 510 ($6.48) in a research report on Thursday, February 20th. Berenberg Bank reduced their target price on BP from GBX 470 ($5.97) to GBX 440 ($5.59) and set a “hold” rating for the company in a report on Friday, November 29th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a GBX 540 ($6.86) price target on shares of BP in a research note on Monday, December 16th.

BP Stock Down 0.1 %

BP stock opened at GBX 437.35 ($5.56) on Thursday. The firm has a market cap of £85.12 billion, a PE ratio of 32.67, a P/E/G ratio of 0.35 and a beta of 0.49. BP has a 12 month low of GBX 379.70 ($4.83) and a 12 month high of GBX 562.30 ($7.15). The company has a debt-to-equity ratio of 105.65, a current ratio of 1.22 and a quick ratio of 0.62. The firm has a 50 day simple moving average of GBX 425.83 and a 200 day simple moving average of GBX 408.88.

Insider Activity

In related news, insider Murray Auchincloss purchased 95 shares of BP stock in a transaction dated Tuesday, December 10th. The stock was acquired at an average cost of GBX 394 ($5.01) per share, with a total value of £374.30 ($475.66). Over the last quarter, insiders have acquired 270 shares of company stock worth $112,325. 0.26% of the stock is owned by corporate insiders.

BP Company Profile

BP p.l.c. provides carbon products and services. The company operates through Gas & Low Carbon Energy, Oil Production & Operations, and Customers & Products segments. It engages in the production of natural gas, and integrated gas and power; trading of gas; operation of onshore and offshore wind power, as well as hydrogen and carbon capture and storage facilities; trading and marketing of renewable and non-renewable power; and production of crude oil.