Shares of BP p.l.c. (LON:BP - Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 408.79 ($5.29) and traded as low as GBX 405.65 ($5.25). BP shares last traded at GBX 408.20 ($5.28), with a volume of 43,842,624 shares.
Analyst Ratings Changes
A number of equities research analysts have weighed in on BP shares. JPMorgan Chase & Co. raised BP to a "neutral" rating and lifted their target price for the company from GBX 440 ($5.70) to GBX 510 ($6.60) in a research report on Thursday, February 20th. Berenberg Bank decreased their target price on BP from GBX 470 ($6.08) to GBX 440 ($5.70) and set a "hold" rating for the company in a research report on Friday, November 29th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a GBX 480 ($6.21) target price on shares of BP in a research report on Thursday, February 20th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 540 ($6.99) target price on shares of BP in a research report on Monday, December 16th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, BP presently has a consensus rating of "Moderate Buy" and an average price target of GBX 578.33 ($7.49).
Check Out Our Latest Report on BP
BP Trading Down 1.6 %
The firm has a market cap of £80.13 billion, a price-to-earnings ratio of 30.75, a PEG ratio of 0.35 and a beta of 0.49. The company has a fifty day moving average price of GBX 429.69 and a 200-day moving average price of GBX 408.01. The company has a current ratio of 1.22, a quick ratio of 0.62 and a debt-to-equity ratio of 105.65.
Insider Activity
In other BP news, insider Murray Auchincloss purchased 87 shares of BP stock in a transaction that occurred on Monday, February 10th. The stock was bought at an average price of GBX 433 ($5.61) per share, with a total value of £376.71 ($487.71). Insiders purchased a total of 180 shares of company stock valued at $76,960 in the last quarter. 0.26% of the stock is currently owned by company insiders.
About BP
(
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.
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