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

BP p.l.c. (LON:BP) 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

Shares of LON BP opened at GBX 430.90 ($5.46) on Thursday. The company has a 50 day simple moving average of GBX 422.54 and a two-hundred day simple moving average of GBX 409.11. The company has a market capitalization of £83.87 billion, a price-to-earnings ratio of 32.19, a P/E/G ratio of 0.35 and a beta of 0.49. BP has a fifty-two week low of GBX 379.70 ($4.82) and a fifty-two week high of GBX 562.30 ($7.13). The company has a debt-to-equity ratio of 105.65, a quick ratio of 0.62 and a current ratio of 1.22.

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.