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

Shares of BP p.l.c. (LON:BP) have been assigned an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is GBX 578.33 ($7.35).

Several research firms recently issued reports on BP. Berenberg Bank reduced their price objective on shares of BP from GBX 470 ($5.97) to GBX 440 ($5.59) and set a “hold” rating for the company in a research note on Friday, November 29th. JPMorgan Chase & Co. upgraded BP to a “neutral” rating and upped their price target for the stock from GBX 440 ($5.59) to GBX 510 ($6.48) in a research note on Thursday, February 20th. Jefferies Financial Group reissued a “buy” rating and set a GBX 540 ($6.86) price objective on shares of BP in a report on Monday, December 16th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a GBX 480 ($6.10) target price on shares of BP in a report on Thursday, February 20th.

BP Stock Performance

Shares of BP stock opened at GBX 437.35 ($5.56) on Thursday. The firm has a market cap of £85.12 billion, a P/E ratio of 32.67, a PEG ratio of 0.35 and a beta of 0.49. The company has a debt-to-equity ratio of 105.65, a current ratio of 1.22 and a quick ratio of 0.62. BP has a fifty-two week low of GBX 379.70 ($4.83) and a fifty-two week high of GBX 562.30 ($7.15). The stock’s 50-day moving average is GBX 425.83 and its two-hundred day moving average is GBX 408.88.

Insider Transactions at BP

In related news, insider Murray Auchincloss purchased 88 shares of the firm’s stock in a transaction on Friday, January 10th. The shares were bought at an average cost of GBX 423 ($5.38) per share, for a total transaction of £372.24 ($473.05). Over the last ninety days, insiders have acquired 270 shares of company stock worth $112,325. Company insiders own 0.26% of the company’s stock.

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.