BP p.l.c. (LON:BP) Receives Average Rating of “Moderate Buy” from Analysts

Shares of BP p.l.c. (LON:BP) have received a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is GBX 635.

A number of equities analysts have recently commented on the stock. Jefferies Financial Group reaffirmed a “neutral” rating on shares of BP in a report on Tuesday, April 28th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of BP in a report on Tuesday, April 28th. DZ Bank reaffirmed a “buy” rating on shares of BP in a report on Tuesday, April 28th. BNP Paribas Exane raised shares of BP from a “neutral” rating to an “outperform” rating in a report on Friday, April 17th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of BP in a report on Wednesday, April 29th.

Insider Buying and Selling at BP

In related news, insider Carol Howle acquired 62 shares of the stock in a transaction dated Tuesday, March 10th. The shares were bought at an average cost of GBX 510 per share, for a total transaction of £316.20. In the last 90 days, insiders purchased 77 shares of company stock valued at $39,750. Corporate insiders own 0.26% of the company’s stock.

BP Stock Performance

BP opened at GBX 569 on Wednesday. The stock has a market cap of £110.74 billion, a PE ratio of 42.50, a P/E/G ratio of 0.35 and a beta of 0.06. The company has a current ratio of 1.22, a quick ratio of 0.62 and a debt-to-equity ratio of 132.55. BP has a 1 year low of GBX 379.70 and a 1 year high of GBX 562.30. The stock’s 50 day simple moving average is GBX 560.66 and its 200-day simple moving average is GBX 490.07.

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. In addition, the company involved in convenience and retail fuel, EV charging, Castrol lubricant, aviation, B2B, and midstream businesses; refining and oil trading; and bioenergy business.