BP p.l.c. (LON:BP - Get Free Report)'s share price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 408.79 ($5.28) and traded as low as GBX 405.65 ($5.24). BP shares last traded at GBX 408.20 ($5.28), with a volume of 43,842,624 shares.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on BP. Royal Bank of Canada restated a "sector perform" rating and issued a GBX 480 ($6.20) price target on shares of BP in a report on Thursday, February 20th. Jefferies Financial Group reissued a "buy" rating and set a GBX 540 ($6.98) price objective on shares of BP in a report on Monday, December 16th. Berenberg Bank lowered their target price on BP from GBX 470 ($6.08) to GBX 440 ($5.69) and set a "hold" rating for the company in a report on Friday, November 29th. Finally, JPMorgan Chase & Co. upgraded BP to a "neutral" rating and lifted their price target for the company from GBX 440 ($5.69) to GBX 510 ($6.59) in a report on Thursday, February 20th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of GBX 578.33 ($7.48).
Get Our Latest Analysis on BP
BP Price Performance
The company has a quick ratio of 0.62, a current ratio of 1.22 and a debt-to-equity ratio of 105.65. The stock's 50-day simple moving average is GBX 428.50 and its 200 day simple moving average is GBX 408.19. The company has a market cap of £80.47 billion, a price-to-earnings ratio of 30.88, a PEG ratio of 0.35 and a beta of 0.49.
Insider Buying and Selling
In other news, insider Murray Auchincloss purchased 87 shares of the company's stock in a transaction dated Monday, February 10th. The stock was acquired at an average price of GBX 433 ($5.60) per share, for a total transaction of £376.71 ($486.96). Over the last ninety days, insiders have bought 270 shares of company stock worth $112,325. Company insiders own 0.26% of the company's stock.
BP Company Profile
(
Get Free Report)
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.
Read More
Before you consider BP, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and BP wasn't on the list.
While BP currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Get this report to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.