BP p.l.c. (LON:BP) Stock Has Average Target Price of GBX 653.75

Shares of BP p.l.c. (LON:BP) have received a consensus recommendation of “Moderate Buy” from the ten ratings firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is GBX 653.75.

Several research analysts have recently weighed in on BP shares. Royal Bank Of Canada reissued a “buy” rating on shares of BP in a report on Thursday, September 24th. Berenberg Bank raised their target price on shares of BP from GBX 715 to GBX 720 and gave the stock a “buy” rating in a report on Monday, November 2nd. UBS Group reaffirmed a “buy” rating on shares of BP in a research report on Monday, September 28th. JPMorgan Chase & Co. upgraded shares of BP from a “neutral” rating to an “overweight” rating and boosted their target price for the company from GBX 550 to GBX 675 in a research note on Wednesday, September 23rd. Finally, Jefferies Financial Group reissued a “hold” rating and set a GBX 520 price target on shares of BP in a report on Wednesday, October 14th.

Insider Buying and Selling

In other news, insider Ian Tyler bought 18,043 shares of the stock in a transaction on Tuesday, November 10th. The shares were bought at an average price of GBX 550 per share, with a total value of £99,236.50. Insiders acquired a total of 18,051 shares of company stock worth $9,928,251 in the last three months. 0.26% of the stock is currently owned by corporate insiders.

BP Price Performance

BP opened at GBX 552.20 on Wednesday. The company’s 50-day simple moving average is GBX 577.13 and its two-hundred day simple moving average is GBX 536.59. The company has a debt-to-equity ratio of 111.97, a quick ratio of 0.62 and a current ratio of 1.29. The stock has a market capitalization of £107.47 billion, a P/E ratio of 41.25, a P/E/G ratio of 0.35 and a beta of 0.06. BP has a 52-week low of GBX 379.70 and a 52-week high of GBX 562.30.

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.