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

Shares of BP p.l.c. (LON:BP) have earned a consensus rating of “Moderate Buy” from the eight brokerages that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is GBX 493.

Several research analysts have weighed in on BP shares. The Goldman Sachs Group restated a “buy” rating on shares of BP in a report on Thursday, March 26th. JPMorgan Chase & Co. raised their price objective on shares of BP from GBX 460 to GBX 480 and gave the stock a “neutral” rating in a report on Friday, December 5th. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 440 price objective on shares of BP in a research report on Tuesday, January 20th. Berenberg Bank reduced their target price on shares of BP from GBX 525 to GBX 520 and set a “buy” rating for the company in a research note on Thursday, January 15th. Finally, Barclays reiterated a “buy” rating on shares of BP in a report on Tuesday.

BP Trading Up 3.1%

Shares of BP stock traded up GBX 17.90 on Tuesday, reaching GBX 602. 68,864,625 shares of the stock were exchanged, compared to its average volume of 8,560,774. The stock has a 50 day moving average price of GBX 490.48 and a 200 day moving average price of GBX 455.97. The stock has a market cap of £117.17 billion, a PE ratio of 44.97, a P/E/G ratio of 0.35 and a beta of 0.06. BP has a one year low of GBX 379.70 and a one year high of GBX 562.30. The company has a debt-to-equity ratio of 136.71, a current ratio of 1.26 and a quick ratio of 0.62.

Insider Buying and Selling at BP

In other news, insider Carol Howle bought 73 shares of the business’s stock in a transaction that occurred on Monday, January 12th. The stock was acquired at an average cost of GBX 426 per share, for a total transaction of £310.98. Over the last quarter, insiders purchased 215 shares of company stock worth $100,858. 0.26% of the stock is owned by 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.