BP (LON:BP) Stock Rating Upgraded by JPMorgan Chase & Co.

BP (LON:BP) was upgraded by investment analysts at JPMorgan Chase & Co. to a “neutral” rating in a note issued to investors on Thursday, MarketBeat.com reports. The firm presently has a GBX 510 ($6.44) price objective on the oil and gas exploration company’s stock, up from their prior price objective of GBX 440 ($5.56). JPMorgan Chase & Co.‘s price objective points to a potential upside of 12.83% from the stock’s previous close.

A number of other brokerages have also recently weighed in on BP. Berenberg Bank dropped their price objective on shares of BP from GBX 470 ($5.94) to GBX 440 ($5.56) and set a “hold” rating for the company in a research note on Friday, November 29th. Royal Bank of Canada restated a “sector perform” rating and issued a GBX 480 ($6.06) price target on shares of BP in a report on Thursday. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 540 ($6.82) price objective on shares of BP in a report on Monday, December 16th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 578.33 ($7.31).

BP Stock Performance

LON BP opened at GBX 452 ($5.71) on Thursday. BP has a 1-year low of GBX 379.70 ($4.80) and a 1-year high of GBX 562.30 ($7.10). The company has a market capitalization of £87.97 billion, a P/E ratio of 33.76, a PEG ratio of 0.35 and a beta of 0.49. The business has a 50 day moving average price of GBX 419.14 and a 200 day moving average price of GBX 409.06. The company has a debt-to-equity ratio of 105.65, a current ratio of 1.22 and a quick ratio of 0.62.

Insider Activity at BP

In other BP news, insider Murray Auchincloss bought 95 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were bought at an average cost of GBX 394 ($4.98) per share, with a total value of £374.30 ($472.90). In the last ninety days, insiders have purchased 270 shares of company stock worth $112,325. 0.26% of the stock is currently owned by company insiders.

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.