BP (LON:BP) Earns “Hold” Rating from Jefferies Financial Group

BP (LON:BP)‘s stock had its “hold” rating reissued by equities researchers at Jefferies Financial Group in a research report issued to clients and investors on Monday, MarketBeat reports. They presently have a GBX 420 price objective on the oil and gas exploration company’s stock. Jefferies Financial Group’s price target would indicate a potential downside of 9.40% from the company’s current price.

Other analysts also recently issued reports about the company. Berenberg Bank upped their price objective on BP from GBX 490 to GBX 525 and gave the company a “buy” rating in a research report on Tuesday, November 4th. Citigroup boosted their target price on shares of BP from GBX 475 to GBX 525 and gave the company a “buy” rating in a research note on Monday, November 3rd. JPMorgan Chase & Co. upped their target price on shares of BP from GBX 420 to GBX 440 and gave the company a “neutral” rating in a report on Wednesday, August 6th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 500 price target on shares of BP in a research note on Thursday, November 6th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of GBX 482.

BP Stock Down 1.1%

BP stock opened at GBX 458.55 on Monday. BP has a fifty-two week low of GBX 379.70 and a fifty-two week high of GBX 562.30. The company has a debt-to-equity ratio of 105.65, a quick ratio of 0.62 and a current ratio of 1.22. The firm has a 50 day moving average price of GBX 434.63 and a 200 day moving average price of GBX 405.91. The company has a market capitalization of £89.25 billion, a PE ratio of 34.25, a price-to-earnings-growth ratio of 0.35 and a beta of 0.49.

Insider Activity at BP

In other news, insider Amanda Blanc bought 23,600 shares of the business’s stock in a transaction that occurred on Friday, September 19th. The shares were acquired at an average cost of GBX 426 per share, with a total value of £100,536. In the last three months, insiders acquired 23,617 shares of company stock worth $10,061,041. Corporate insiders own 0.26% of the company’s stock.

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.