BP p.l.c. (LON:BP) Receives GBX 578.33 Average Target Price from Analysts

Shares of BP p.l.c. (LON:BP) have received an average rating of “Moderate Buy” from the seven research firms that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is GBX 578.33 ($7.45).

A number of equities analysts have commented on BP shares. JPMorgan Chase & Co. raised BP to a “neutral” rating and boosted their price objective for the stock from GBX 440 ($5.67) to GBX 510 ($6.57) in a research note on Thursday, February 20th. Royal Bank of Canada reiterated a “sector perform” rating and set a GBX 480 ($6.19) price target on shares of BP in a research report on Thursday, February 20th. Jefferies Financial Group reissued a “buy” rating and set a GBX 540 ($6.96) price objective on shares of BP in a report on Monday, December 16th. Finally, Berenberg Bank dropped their target price on shares of BP from GBX 470 ($6.06) to GBX 440 ($5.67) and set a “hold” rating for the company in a research note on Friday, November 29th.

BP Stock Down 5.7 %

Shares of BP opened at GBX 408 ($5.26) on Thursday. The company has a market capitalization of £79.41 billion, a P/E ratio of 30.48, a PEG ratio of 0.35 and a beta of 0.49. BP has a one year low of GBX 379.70 ($4.89) and a one year high of GBX 562.30 ($7.25). The business’s 50 day simple moving average is GBX 427.40 and its 200-day simple moving average is GBX 408.80. The company has a debt-to-equity ratio of 105.65, a current ratio of 1.22 and a quick ratio of 0.62.

Insiders Place Their Bets

In related news, insider Murray Auchincloss purchased 87 shares of the stock in a transaction dated Monday, February 10th. The stock was bought at an average cost of GBX 433 ($5.58) per share, with a total value of £376.71 ($485.58). In the last 90 days, insiders acquired 270 shares of company stock valued at $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.