BP’s (BP) “Neutral” Rating Reaffirmed at JPMorgan Chase & Co.

BP (LON:BP)‘s stock had its “neutral” rating restated by JPMorgan Chase & Co. in a report released on Friday,MarketScreener reports.

Several other research analysts have also recently issued reports on the stock. Berenberg Bank reissued a “buy” rating and set a GBX 700 target price on shares of BP in a report on Wednesday, April 29th. UBS Group reaffirmed a “buy” rating on shares of BP in a research report on Friday, May 8th. DZ Bank reiterated a “buy” rating on shares of BP in a research note on Tuesday, April 28th. BNP Paribas Exane upgraded BP from a “neutral” rating to an “outperform” rating in a research note on Friday, April 17th. Finally, Jefferies Financial Group reaffirmed a “neutral” rating and set a $6.50 target price on shares of BP in a report on Thursday, May 21st. Nine research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, BP presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 635.

BP Stock Performance

BP stock traded down GBX 0.80 during trading on Friday, reaching GBX 544.70. The company had a trading volume of 19,547,230 shares, compared to its average volume of 8,560,774. The company has a market cap of £106.01 billion, a price-to-earnings ratio of 40.69, a price-to-earnings-growth ratio of 0.35 and a beta of 0.06. The company has a debt-to-equity ratio of 132.55, a quick ratio of 0.62 and a current ratio of 1.22. BP has a twelve month low of GBX 379.70 and a twelve month high of GBX 562.30. The firm has a 50-day simple moving average of GBX 562.27 and a 200-day simple moving average of GBX 497.25.

Insiders Place Their Bets

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

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. 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.