Jefferies Financial Group Reaffirms Hold Rating for BP (LON:BP)

BP (LON:BP)‘s stock had its “hold” rating reissued by investment analysts at Jefferies Financial Group in a report released on Tuesday,Digital Look reports. They presently have a GBX 440 price target on the oil and gas exploration company’s stock. Jefferies Financial Group’s price target would suggest a potential upside of 0.53% from the stock’s current price.

A number of other research analysts have also weighed in on the stock. Berenberg Bank cut their price target on shares of BP from GBX 525 to GBX 520 and set a “buy” rating on the stock in a research note on Thursday, January 15th. JPMorgan Chase & Co. upped their target price on shares of BP from GBX 460 to GBX 480 and gave the stock a “neutral” rating in a research note on Friday, December 5th. Citigroup lifted their target price on BP from GBX 475 to GBX 525 and gave the company a “buy” rating in a research report on Monday, November 3rd. 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 stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of GBX 493.

BP Stock Down 0.6%

Shares of BP stock opened at GBX 437.70 on Tuesday. BP has a 1 year low of GBX 379.70 and a 1 year high of GBX 562.30. The company has a debt-to-equity ratio of 105.65, a current ratio of 1.22 and a quick ratio of 0.62. The company has a market capitalization of £85.19 billion, a P/E ratio of 32.69, a price-to-earnings-growth ratio of 0.35 and a beta of 0.49. The business has a 50-day moving average of GBX 442.63 and a two-hundred day moving average of GBX 427.95.

Insider Activity at BP

In related news, insider Murray Auchincloss acquired 85 shares of the company’s stock in a transaction dated Wednesday, December 10th. The shares were bought at an average price of GBX 446 per share, for a total transaction of £379.10. Also, insider Carol Howle acquired 73 shares of the business’s stock in a transaction dated Monday, January 12th. The stock was bought at an average cost of GBX 426 per share, with a total value of £310.98. Insiders have acquired a total of 173 shares of company stock worth $75,663 in the last ninety days. 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. In addition, the company involved in convenience and retail fuel, EV charging, Castrol lubricant, aviation, B2B, and midstream businesses; refining and oil trading; and bioenergy business.