BP p.l.c. (LON:BP) Receives Consensus Recommendation of “Moderate Buy” from Analysts

BP p.l.c. (LON:BP) has earned an average recommendation of “Moderate Buy” from the seven analysts that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is GBX 578.33 ($7.47).

BP has been the topic of several analyst reports. Berenberg Bank reduced their target price on shares of BP from GBX 470 ($6.07) to GBX 440 ($5.68) and set a “hold” rating on the stock in a report on Friday, November 29th. Royal Bank of Canada reissued a “sector perform” rating and set a GBX 480 ($6.20) price objective on shares of BP in a report on Thursday, February 20th. Jefferies Financial Group reissued a “buy” rating and set a GBX 540 ($6.97) price objective on shares of BP in a report on Monday, December 16th. Finally, JPMorgan Chase & Co. raised shares of BP to a “neutral” rating and raised their price objective for the stock from GBX 440 ($5.68) to GBX 510 ($6.59) in a report on Thursday, February 20th.

Insider Transactions at BP

In other news, insider Murray Auchincloss acquired 88 shares of the stock in a transaction that occurred on Friday, January 10th. The shares were purchased at an average cost of GBX 423 ($5.46) per share, for a total transaction of £372.24 ($480.68). Over the last ninety days, insiders have acquired 180 shares of company stock worth $76,960. Insiders own 0.26% of the company’s stock.

BP Stock Up 0.3 %

Shares of LON:BP opened at GBX 450 ($5.81) on Monday. The firm’s 50 day moving average price is GBX 432.89 and its 200 day moving average price is GBX 408.03. The stock has a market cap of £87.58 billion, a price-to-earnings ratio of 33.61, a price-to-earnings-growth ratio of 0.35 and a beta of 0.49. BP has a fifty-two week low of GBX 379.70 ($4.90) and a fifty-two week high of GBX 562.30 ($7.26). 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 Company Profile

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.