Shares of BP p.l.c. (LON:BP – Get Free Report) have been assigned an average recommendation of “Hold” from the eight analysts that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is GBX 595 ($7.43).
Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of BP from GBX 425 ($5.30) to GBX 440 ($5.49) and gave the stock an “underweight” rating in a report on Tuesday, January 14th. Berenberg Bank decreased their target price on BP from GBX 470 ($5.87) to GBX 440 ($5.49) and set a “hold” rating on the stock in a research note on Friday, November 29th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 540 ($6.74) price target on shares of BP in a report on Monday, December 16th.
Read Our Latest Analysis on BP
BP Trading Down 0.6 %
Insider Activity
In other news, insider Murray Auchincloss acquired 88 shares of the stock in a transaction on Friday, January 10th. The stock was acquired at an average price of GBX 423 ($5.28) per share, with a total value of £372.24 ($464.60). Over the last three months, insiders have acquired 283 shares of company stock valued at $111,954. Company insiders own 0.26% of the company’s stock.
About BP
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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