BP’s (BP) Buy Rating Reaffirmed at Barclays

Barclays reissued their buy rating on shares of BP (LON:BP) in a research note published on Tuesday,MarketScreener reports.

Other research analysts have also recently issued reports about the company. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 440 price objective on shares of BP in a research note on Tuesday, January 20th. JPMorgan Chase & Co. lifted 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. Finally, Berenberg Bank lowered their price target on shares of BP from GBX 525 to GBX 520 and set a “buy” rating for the company in a report on Thursday, January 15th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, BP presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 493.

BP Price Performance

Shares of LON:BP opened at GBX 606.30 on Tuesday. The company has a quick ratio of 0.62, a current ratio of 1.26 and a debt-to-equity ratio of 136.71. The stock has a market cap of £118.00 billion, a PE ratio of 45.29, a PEG ratio of 0.35 and a beta of 0.06. The company’s fifty day moving average is GBX 493.76 and its 200 day moving average is GBX 457.22. BP has a 52 week low of GBX 379.70 and a 52 week high of GBX 562.30.

Insider Buying and Selling at BP

In related news, insider Carol Howle acquired 73 shares of the stock in a transaction on Monday, January 12th. The stock was acquired at an average price of GBX 426 per share, for a total transaction of £310.98. Insiders have purchased a total of 215 shares of company stock worth $100,858 over the last ninety days. 0.26% of the stock is currently owned by company insiders.

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.