BP p.l.c. (LON:BP) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of BP p.l.c. (LON:BP) have been given an average rating of “Hold” by the eight research firms that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, one has given a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is GBX 595 ($7.38).

BP has been the topic of several analyst reports. JPMorgan Chase & Co. boosted their price objective on BP from GBX 425 ($5.27) to GBX 440 ($5.46) and gave the stock an “underweight” rating in a research note on Tuesday, January 14th. Berenberg Bank lowered their target price on shares of BP from GBX 470 ($5.83) to GBX 440 ($5.46) and set a “hold” rating for the company in a report on Friday, November 29th. Finally, Jefferies Financial Group reissued a “buy” rating and set a GBX 540 ($6.70) price target on shares of BP in a research note on Monday, December 16th.

BP Stock Performance

Shares of LON:BP opened at GBX 422.50 ($5.24) on Friday. The firm has a fifty day simple moving average of GBX 400.89 and a two-hundred day simple moving average of GBX 409.59. The company has a quick ratio of 0.62, a current ratio of 1.24 and a debt-to-equity ratio of 79.91. The stock has a market capitalization of £66.97 billion, a P/E ratio of 1,280.30, a PEG ratio of 0.35 and a beta of 0.49. BP has a 52 week low of GBX 379.70 ($4.71) and a 52 week high of GBX 562.30 ($6.97).

Insider Activity

In related news, insider Murray Auchincloss acquired 100 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was purchased at an average cost of GBX 373 ($4.62) per share, for a total transaction of £373 ($462.49). Over the last 90 days, insiders have bought 283 shares of company stock worth $111,954. Company insiders own 0.26% of the company’s stock.

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.