BP’s (BP) Underweight Rating Reaffirmed at JPMorgan Chase & Co.

BP (LON:BP)‘s stock had its “underweight” rating reaffirmed by equities research analysts at JPMorgan Chase & Co. in a research note issued to investors on Tuesday, LSE.Co.UK reports.

BP has been the topic of several other reports. Bank of America restated a “buy” rating and set a GBX 500 ($6.70) price target on shares of BP in a research note on Wednesday, September 4th. Berenberg Bank restated a “hold” rating and issued a GBX 510 ($6.83) target price on shares of BP in a research note on Monday, August 5th. Finally, Royal Bank of Canada restated an “outperform” rating and set a GBX 650 ($8.70) target price on shares of BP in a research report on Tuesday, June 18th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, BP currently has an average rating of “Hold” and a consensus price target of GBX 636.67 ($8.53).

BP Stock Performance

BP stock traded up GBX 2.20 ($0.03) during trading on Tuesday, hitting GBX 411.75 ($5.51). 17,693,540 shares of the company’s stock traded hands, compared to its average volume of 8,560,774. BP has a 52 week low of GBX 389.77 ($5.22) and a 52 week high of GBX 562.30 ($7.53). The stock has a market capitalization of £65.72 billion, a price-to-earnings ratio of 1,247.73, a price-to-earnings-growth ratio of 0.35 and a beta of 0.49. The company has a quick ratio of 0.62, a current ratio of 1.24 and a debt-to-equity ratio of 79.91. The stock has a fifty day moving average price of GBX 432.36 and a two-hundred day moving average price of GBX 470.51.

Insider Buying and Selling at BP

In other BP news, insider Murray Auchincloss sold 454,841 shares of the company’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of GBX 459 ($6.15), for a total value of £2,087,720.19 ($2,795,554.62). In other news, insider Hina Nagarajan purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were bought at an average cost of GBX 407 ($5.45) per share, with a total value of £20,350 ($27,249.60). Also, insider Murray Auchincloss sold 454,841 shares of the company’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of GBX 459 ($6.15), for a total value of £2,087,720.19 ($2,795,554.62). Insiders have purchased 10,100 shares of company stock worth $4,223,284 over the last quarter. Corporate 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.