BP p.l.c. (LON:BP) Given Consensus Rating of “Hold” by Analysts

BP p.l.c. (LON:BP) has earned an average recommendation of “Hold” from the eight research firms that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 595 ($7.40).

BP has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price objective on BP from GBX 425 ($5.29) to GBX 440 ($5.47) and gave the company an “underweight” rating in a report on Tuesday, January 14th. Berenberg Bank lowered their price target on BP from GBX 470 ($5.85) to GBX 440 ($5.47) and set a “hold” rating for the company in a report on Friday, November 29th. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 540 ($6.72) price target on shares of BP in a report on Monday, December 16th.

BP Trading Up 1.2 %

LON BP opened at GBX 429 ($5.34) on Friday. The stock has a 50-day simple moving average of GBX 402.90 and a 200 day simple moving average of GBX 408.66. The company has a market capitalization of £68.00 billion, a PE ratio of 1,300.00, a P/E/G ratio of 0.35 and a beta of 0.49. The company has a current ratio of 1.24, a quick ratio of 0.62 and a debt-to-equity ratio of 79.91. BP has a 12 month low of GBX 379.70 ($4.72) and a 12 month high of GBX 562.30 ($6.99).

Insider Buying and Selling

In other news, insider Murray Auchincloss acquired 95 shares of the firm’s stock in a transaction that occurred on Tuesday, December 10th. The stock was acquired at an average cost of GBX 394 ($4.90) per share, for a total transaction of £374.30 ($465.49). Over the last three months, insiders bought 283 shares of company stock worth $111,954. 0.26% of the stock is owned by corporate 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.