BP p.l.c. (LON:BP) Receives GBX 631.22 Average PT from Analysts

BP p.l.c. (LON:BPGet Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is GBX 631.22 ($8.02).

A number of research analysts have recently weighed in on BP shares. JPMorgan Chase & Co. restated an “underweight” rating and issued a GBX 550 ($6.99) price target on shares of BP in a research report on Thursday, December 14th. The Goldman Sachs Group raised their price target on BP from GBX 650 ($8.26) to GBX 660 ($8.39) in a research note on Thursday, October 5th. Citigroup reissued a “buy” rating on shares of BP in a research note on Friday, October 6th. Royal Bank of Canada lifted their price objective on BP from GBX 550 ($6.99) to GBX 625 ($7.95) and gave the company an “outperform” rating in a research note on Monday, November 27th. Finally, Berenberg Bank lifted their price objective on BP from GBX 490 ($6.23) to GBX 525 ($6.67) and gave the company a “hold” rating in a research note on Thursday, November 2nd.

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BP Trading Up 0.6 %

LON:BP opened at GBX 468.70 ($5.96) on Wednesday. The stock has a fifty day moving average price of GBX 464.02 and a two-hundred day moving average price of GBX 487.71. The stock has a market capitalization of £80.19 billion, a price-to-earnings ratio of 423.45, a PEG ratio of 0.35 and a beta of 0.55. The company has a debt-to-equity ratio of 68.08, a quick ratio of 0.62 and a current ratio of 1.21. BP has a 1 year low of GBX 442.20 ($5.62) and a 1 year high of GBX 570.57 ($7.25).

Insider Activity at BP

In other news, insider Murray Auchincloss bought 82 shares of the firm’s stock in a transaction that occurred on Wednesday, January 10th. The stock was acquired at an average price of GBX 459 ($5.84) per share, with a total value of £376.38 ($478.49). In related news, insider Murray Auchincloss purchased 82 shares of the firm’s stock in a transaction that occurred on Wednesday, January 10th. The stock was acquired at an average price of GBX 459 ($5.84) per share, for a total transaction of £376.38 ($478.49). Also, insider Hina Nagarajan purchased 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was bought at an average price of GBX 470 ($5.98) per share, with a total value of £47,000 ($59,750.83). Insiders bought 10,240 shares of company stock valued at $4,812,128 over the last 90 days. 0.29% of the stock is currently owned by corporate 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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Analyst Recommendations for BP (LON:BP)

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