BP p.l.c. (LON:BP) Receives GBX 595 Consensus Target Price from Brokerages

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

BP Trading Down 0.6 %

LON:BP opened at GBX 420 ($5.24) on Friday. The company has a market cap of £66.57 billion, a P/E ratio of 1,272.73, a P/E/G ratio of 0.35 and a beta of 0.49. BP has a 1 year low of GBX 379.70 ($4.74) and a 1 year high of GBX 562.30 ($7.02). The company has a debt-to-equity ratio of 79.91, a current ratio of 1.24 and a quick ratio of 0.62. The stock’s fifty day moving average price is GBX 401.49 and its two-hundred day moving average price is GBX 408.84.

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.