BP (LON:BP) Rating Increased to Neutral at JPMorgan Chase & Co.

BP (LON:BP) was upgraded by JPMorgan Chase & Co. to a “neutral” rating in a research note issued to investors on Thursday, Marketbeat.com reports. The firm currently has a GBX 510 ($6.42) price target on the oil and gas exploration company’s stock, up from their prior price target of GBX 440 ($5.54). JPMorgan Chase & Co.‘s price objective suggests a potential upside of 10.08% from the stock’s previous close.

A number of other analysts have also issued reports on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a GBX 480 ($6.04) target price on shares of BP in a report on Thursday. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 540 ($6.80) target price on shares of BP in a research report on Monday, December 16th. Finally, Berenberg Bank decreased their price target on shares of BP from GBX 470 ($5.91) to GBX 440 ($5.54) and set a “hold” rating on the stock in a research report on Friday, November 29th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 578.33 ($7.28).

BP Stock Performance

BP stock traded up GBX 0.90 ($0.01) on Thursday, reaching GBX 463.30 ($5.83). 30,713,864 shares of the stock were exchanged, compared to its average volume of 8,560,774. The stock has a market cap of £90.17 billion, a PE ratio of 34.61, a PEG ratio of 0.35 and a beta of 0.49. The firm has a fifty day moving average price of GBX 416.66 and a two-hundred day moving average price of GBX 408.63. BP has a twelve month low of GBX 379.70 ($4.78) and a twelve month high of GBX 562.30 ($7.08). The company has a current ratio of 1.22, a quick ratio of 0.62 and a debt-to-equity ratio of 105.65.

Insider Activity at BP

In related news, insider Murray Auchincloss acquired 88 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The shares were acquired at an average cost of GBX 423 ($5.32) per share, for a total transaction of £372.24 ($468.40). In the last three months, insiders acquired 270 shares of company stock worth $112,325. 0.26% of the stock is owned by company 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.