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

Shares of BP p.l.c. (LON:BP) have earned a consensus rating of “Moderate Buy” from the seven research firms that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is GBX 578.33 ($7.47).

A number of research firms have commented on BP. JPMorgan Chase & Co. raised BP to a “neutral” rating and raised their target price for the company from GBX 440 ($5.68) to GBX 510 ($6.59) in a report on Thursday, February 20th. Royal Bank of Canada reissued a “sector perform” rating and issued a GBX 480 ($6.20) target price on shares of BP in a report on Thursday, February 20th. Berenberg Bank cut their price target on BP from GBX 470 ($6.07) to GBX 440 ($5.68) and set a “hold” rating for the company in a research note on Friday, November 29th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 540 ($6.97) price target on shares of BP in a research note on Monday, December 16th.

BP Price Performance

BP stock opened at GBX 450 ($5.81) on Monday. BP has a one year low of GBX 379.70 ($4.90) and a one year high of GBX 562.30 ($7.26). The company has a debt-to-equity ratio of 105.65, a quick ratio of 0.62 and a current ratio of 1.22. The business has a fifty day moving average of GBX 432.89 and a two-hundred day moving average of GBX 408.03. The company has a market cap of £87.58 billion, a P/E ratio of 33.61, a price-to-earnings-growth ratio of 0.35 and a beta of 0.49.

Insider Transactions at BP

In other news, insider Murray Auchincloss bought 87 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The stock was purchased at an average price of GBX 433 ($5.59) per share, with a total value of £376.71 ($486.45). Insiders bought 180 shares of company stock valued at $76,960 in the last 90 days. 0.26% of the stock is currently owned by 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.