BP p.l.c. (LON:BP – Get Free Report) has received an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is GBX 578.33 ($7.33).
Several research firms have recently weighed in on BP. Jefferies Financial Group reissued a “buy” rating and set a GBX 540 ($6.85) price objective on shares of BP in a report on Monday, December 16th. Royal Bank of Canada restated a “sector perform” rating and set a GBX 480 ($6.09) target price on shares of BP in a research note on Thursday, February 20th. JPMorgan Chase & Co. raised shares of BP to a “neutral” rating and increased their price objective for the company from GBX 440 ($5.58) to GBX 510 ($6.47) in a report on Thursday, February 20th. Finally, Berenberg Bank reduced their target price on BP from GBX 470 ($5.96) to GBX 440 ($5.58) and set a “hold” rating on the stock in a report on Friday, November 29th.
BP Price Performance
Insider Buying and Selling at BP
In other BP news, insider Murray Auchincloss bought 88 shares of the business’s stock in a transaction dated Friday, January 10th. The shares were purchased at an average price of GBX 423 ($5.36) per share, with a total value of £372.24 ($472.09). Insiders have bought 270 shares of company stock worth $112,325 over the last quarter. 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.
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