JPMorgan Chase & Co. Analysts Give BP plc 9% Preferred Shares (LON:BP.B) a GBX 500 Price Target

JPMorgan Chase & Co. set a GBX 500 ($6.25) target price on BP plc 9% Preferred Shares (LON:BP.B – Get Rating) in a research report released on Tuesday morning, Borsen Zeitung reports.

A number of other research firms also recently issued reports on BP.B. Royal Bank of Canada set a GBX 450 ($5.62) price objective on shares of BP plc 9% Preferred Shares in a report on Thursday, April 7th. Kepler Capital Markets set a GBX 475 ($5.93) price objective on shares of BP plc 9% Preferred Shares in a report on Friday, January 21st. Jefferies Financial Group set a GBX 380 ($4.75) price objective on shares of BP plc 9% Preferred Shares in a report on Wednesday, April 6th. Berenberg Bank set a GBX 450 ($5.62) price target on shares of BP plc 9% Preferred Shares in a report on Monday, February 28th. Finally, Oddo Bhf set a GBX 410 ($5.12) price target on shares of BP plc 9% Preferred Shares in a report on Monday, January 31st.

BP.B opened at GBX 176 ($2.20) on Tuesday. The company has a quick ratio of 0.73, a current ratio of 1.15 and a debt-to-equity ratio of 77.17. The stock has a market cap of £35.21 billion and a P/E ratio of 5.91. The business’s fifty day moving average price is GBX 174.55. BP plc 9% Preferred Shares has a 1 year low of GBX 170.63 ($2.13) and a 1 year high of GBX 200 ($2.50).

About BP plc 9% Preferred Shares (Get Rating)

BP p.l.c. engages in energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, field development, and production; midstream transportation, storage, and processing; and marketing and trading of liquefied natural gas (LNG), biogas, power and natural gas liquids (NGLs).

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