JPMorgan Chase & Co. Increases BP (LON:BP) Price Target to GBX 480

BP (LON:BP) had its price objective upped by JPMorgan Chase & Co. from GBX 460 to GBX 480 in a note issued to investors on Friday,Digital Look reports. The firm currently has a “neutral” rating on the oil and gas exploration company’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 3.23% from the company’s previous close.

Several other research firms have also recently weighed in on BP. Citigroup boosted their price target on BP from GBX 475 to GBX 525 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Berenberg Bank upped their target price on shares of BP from GBX 490 to GBX 525 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 420 target price on shares of BP in a research report on Monday, November 17th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 500 price objective on shares of BP in a report on Thursday, November 6th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of GBX 490.

BP Stock Up 0.2%

Shares of BP traded up GBX 1 during trading hours on Friday, hitting GBX 465. The company had a trading volume of 36,117,788 shares, compared to its average volume of 8,560,774. The company has a debt-to-equity ratio of 105.65, a quick ratio of 0.62 and a current ratio of 1.22. The stock has a market capitalization of £90.50 billion, a price-to-earnings ratio of 34.73, a P/E/G ratio of 0.35 and a beta of 0.49. BP has a 52-week low of GBX 379.70 and a 52-week high of GBX 562.30. The firm has a fifty day moving average price of GBX 442.03 and a 200-day moving average price of GBX 412.88.

Insider Buying and Selling at BP

In related news, insider Amanda Blanc acquired 23,600 shares of the business’s stock in a transaction that occurred on Friday, September 19th. The stock was bought at an average cost of GBX 426 per share, for a total transaction of £100,536. Over the last 90 days, insiders bought 23,617 shares of company stock worth $10,061,041. 0.26% of the stock is owned by insiders.

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.