BP’s (BP) Hold Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group restated their hold rating on shares of BP (LON:BP) in a research note released on Wednesday,Digital Look reports. The firm currently has a GBX 580 price target on the oil and gas exploration company’s stock.

BP has been the topic of several other reports. Berenberg Bank upped their price objective on shares of BP from GBX 715 to GBX 720 and gave the company a “buy” rating in a report on Monday, November 2nd. JPMorgan Chase & Co. upgraded shares of BP from a “neutral” rating to an “overweight” rating and increased their target price for the stock from GBX 550 to GBX 675 in a research report on Wednesday, September 23rd. Royal Bank Of Canada reiterated a “buy” rating on shares of BP in a research note on Thursday, September 24th. Finally, UBS Group reissued a “buy” rating on shares of BP in a research report on Monday, September 28th. Nine equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of GBX 668.75.

BP Trading Up 1.4%

Shares of BP opened at GBX 574.90 on Wednesday. The business has a 50-day moving average of GBX 578.89 and a 200 day moving average of GBX 538.39. BP has a fifty-two week low of GBX 379.70 and a fifty-two week high of GBX 562.30. The firm has a market cap of £111.89 billion, a P/E ratio of 42.94, a price-to-earnings-growth ratio of 0.35 and a beta of 0.06. The company has a debt-to-equity ratio of 111.97, a quick ratio of 0.62 and a current ratio of 1.29.

Insider Activity at BP

In related news, insider Ian Tyler purchased 18,043 shares of BP stock in a transaction dated Tuesday, November 10th. The stock was bought at an average cost of GBX 550 per share, for a total transaction of £99,236.50. Insiders acquired 18,056 shares of company stock valued at $9,931,036 over the last three months. 0.26% of the stock is owned by company insiders.

BP Company Profile

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.