Jefferies Financial Group Reaffirms Buy Rating for BP (LON:BP)

BP (LON:BP)‘s stock had its “buy” rating reissued by stock analysts at Jefferies Financial Group in a research note issued on Monday, Marketbeat Ratings reports. They presently have a GBX 540 ($6.86) target price on the oil and gas exploration company’s stock. Jefferies Financial Group’s price objective indicates a potential upside of 42.07% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of BP in a report on Tuesday, September 24th. Bank of America restated a “buy” rating and set a GBX 500 ($6.36) target price on shares of BP in a research report on Wednesday, September 4th. Finally, Berenberg Bank decreased their price target on BP from GBX 470 ($5.98) to GBX 440 ($5.59) and set a “hold” rating on the stock in a research note on Friday, November 29th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, BP has an average rating of “Hold” and a consensus target price of GBX 605 ($7.69).

BP Stock Performance

Shares of BP stock opened at GBX 380.10 ($4.83) on Monday. The business’s fifty day simple moving average is GBX 389.31 and its 200-day simple moving average is GBX 423.07. BP has a 52 week low of GBX 379.70 ($4.83) and a 52 week high of GBX 562.30 ($7.15). 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 firm has a market cap of £60.25 billion, a PE ratio of 1,166.97, a price-to-earnings-growth ratio of 0.35 and a beta of 0.49.

Insider Activity

In related news, insider Murray Auchincloss acquired 95 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was acquired at an average cost of GBX 394 ($5.01) per share, for a total transaction of £374.30 ($475.85). Over the last 90 days, insiders have acquired 200 shares of company stock valued at $76,760. 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.