BP p.l.c. (LON:BP) Given Consensus Rating of “Moderate Buy” by Brokerages

BP p.l.c. (LON:BP) has been given a consensus rating of “Moderate Buy” by the six brokerages that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is GBX 494 ($6.55).

Several analysts recently issued reports on BP shares. JPMorgan Chase & Co. raised shares of BP to a “neutral” rating and lifted their price target for the company from GBX 440 ($5.84) to GBX 510 ($6.77) in a research report on Thursday, February 20th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a GBX 480 ($6.37) price objective on shares of BP in a research note on Thursday, February 20th.

Insider Transactions at BP

In other news, insider Murray Auchincloss purchased 113 shares of the stock in a transaction dated Thursday, April 10th. The shares were purchased at an average cost of GBX 333 ($4.42) per share, with a total value of £376.29 ($499.26). Insiders have acquired 205 shares of company stock valued at $77,365 in the last three months. 0.26% of the stock is currently owned by company insiders.

BP Stock Up 2.2 %

Shares of BP stock opened at GBX 354.25 ($4.70) on Friday. The stock’s 50-day moving average is GBX 418.41 and its 200 day moving average is GBX 405.80. BP has a one year low of GBX 379.70 ($5.04) and a one year high of GBX 562.30 ($7.46). The firm has a market cap of £68.95 billion, a price-to-earnings ratio of 26.46, a PEG ratio of 0.35 and a beta of 0.49. The company has a debt-to-equity ratio of 105.65, a current ratio of 1.22 and a quick ratio of 0.62.

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.