BP p.l.c. (LON:BP) Receives Average Recommendation of "Moderate Buy" from Brokerages

BP p.l.c. (LON:BP - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the seven analysts that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and four have given 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 578.33 ($7.45).

BP has been the topic of several research analyst reports. Royal Bank of Canada reiterated a "sector perform" rating and set a GBX 480 ($6.18) price target on shares of BP in a research note on Thursday, February 20th. JPMorgan Chase & Co. raised BP to a "neutral" rating and upped their target price for the company from GBX 440 ($5.66) to GBX 510 ($6.57) in a research report on Thursday, February 20th. Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 540 ($6.95) price target on shares of BP in a research report on Monday, December 16th. Finally, Berenberg Bank reduced their price objective on BP from GBX 470 ($6.05) to GBX 440 ($5.66) and set a "hold" rating for the company in a research note on Friday, November 29th.

Insider Activity at BP

In other BP news, insider Murray Auchincloss purchased 87 shares of BP stock in a transaction dated Monday, February 10th. The stock was acquired at an average cost of GBX 433 ($5.57) per share, with a total value of £376.71 ($485.01). Insiders have bought a total of 180 shares of company stock worth $76,960 in the last three months. Insiders own 0.26% of the company's stock.

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BP Stock Up 1.2 %

BP stock traded up GBX 5.10 ($0.07) during mid-day trading on Monday, hitting GBX 447 ($5.76). The company had a trading volume of 28,945,284 shares, compared to its average volume of 8,560,774. The company has a quick ratio of 0.62, a current ratio of 1.22 and a debt-to-equity ratio of 105.65. BP has a 1 year low of GBX 379.70 ($4.89) and a 1 year high of GBX 562.30 ($7.24). The business has a fifty day moving average of GBX 434.01 and a 200 day moving average of GBX 408.73. The stock has a market cap of £87.00 billion, a price-to-earnings ratio of 33.39, a PEG ratio of 0.35 and a beta of 0.49.

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.