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

Shares of BP p.l.c. (LON:BP) have earned an average rating of “Moderate Buy” from the seven research firms that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 578.33 ($7.49).

A number of analysts have weighed in on the company. JPMorgan Chase & Co. upgraded BP to a “neutral” rating and increased their price target for the stock from GBX 440 ($5.70) to GBX 510 ($6.60) in a report on Thursday, February 20th. Royal Bank of Canada reiterated a “sector perform” rating and issued a GBX 480 ($6.21) target price on shares of BP in a report on Thursday, February 20th. Berenberg Bank dropped their price target on BP from GBX 470 ($6.08) to GBX 440 ($5.70) and set a “hold” rating on the stock in a research note on Friday, November 29th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 540 ($6.99) price objective on shares of BP in a research report on Monday, December 16th.

Insider Activity

In related news, insider Murray Auchincloss acquired 88 shares of the firm’s stock in a transaction on Friday, January 10th. The stock was purchased at an average cost of GBX 423 ($5.48) per share, with a total value of £372.24 ($481.80). Insiders bought a total of 180 shares of company stock worth $76,960 over the last quarter. 0.26% of the stock is currently owned by corporate insiders.

BP Trading Down 2.4 %

BP opened at GBX 435.50 ($5.64) on Monday. BP has a twelve month low of GBX 379.70 ($4.91) and a twelve month high of GBX 562.30 ($7.28). The company has a fifty day moving average of GBX 434.83 and a 200-day moving average of GBX 409.27. The stock has a market cap of £84.76 billion, a PE ratio of 32.53, a price-to-earnings-growth ratio of 0.35 and a beta of 0.49. The company has a quick ratio of 0.62, a current ratio of 1.22 and a debt-to-equity ratio of 105.65.

About BP

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.