Hina Nagarajan Buys 5,000 Shares of BP p.l.c. (LON:BP) Stock

BP p.l.c. (LON:BP) insider Hina Nagarajan purchased 5,000 shares of the company’s stock in a transaction dated Friday, May 2nd. The shares were purchased at an average price of GBX 348 ($4.61) per share, for a total transaction of £17,400 ($23,052.46).

BP Price Performance

Shares of LON:BP opened at GBX 350.85 ($4.65) on Friday. BP p.l.c. has a one year low of GBX 379.70 ($5.03) and a one year high of GBX 562.30 ($7.45). The stock has a market cap of £68.29 billion, a PE ratio of 26.21, a price-to-earnings-growth ratio of 0.35 and a beta of 0.49. The business’s fifty day moving average price is GBX 389.18 and its two-hundred day moving average price is GBX 400.75. The company has a debt-to-equity ratio of 105.65, a quick ratio of 0.62 and a current ratio of 1.22.

Analysts Set New Price Targets

BP has been the topic of a number of recent analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a GBX 480 ($6.36) price objective on shares of BP in a report on Thursday, February 20th. JPMorgan Chase & Co. raised shares of BP to a “neutral” rating and boosted their price objective for the stock from GBX 440 ($5.83) to GBX 510 ($6.76) in a report on Thursday, February 20th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 494 ($6.54).

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.