Brokerages Set BP p.l.c. (LON:BP) Target Price at GBX 578.33

Shares of BP p.l.c. (LON:BP) have been assigned an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is GBX 578.33 ($7.45).

Several equities analysts have recently weighed in on the company. Jefferies Financial Group reiterated a “buy” rating and set a GBX 540 ($6.96) price objective on shares of BP in a report on Monday, December 16th. Royal Bank of Canada restated a “sector perform” rating and set a GBX 480 ($6.19) target price on shares of BP in a report on Thursday, February 20th. JPMorgan Chase & Co. upgraded shares of BP to a “neutral” rating and upped their price target for the company from GBX 440 ($5.67) to GBX 510 ($6.57) in a report on Thursday, February 20th. Finally, Berenberg Bank dropped their price objective on shares of BP from GBX 470 ($6.06) to GBX 440 ($5.67) and set a “hold” rating on the stock in a report on Friday, November 29th.

Insider Activity

In related news, insider Murray Auchincloss purchased 95 shares of BP stock in a transaction that occurred on Tuesday, December 10th. The stock was purchased at an average cost of GBX 394 ($5.08) per share, with a total value of £374.30 ($482.47). Insiders have acquired 270 shares of company stock worth $112,325 over the last ninety days. Insiders own 0.26% of the company’s stock.

BP Stock Performance

BP stock opened at GBX 408 ($5.26) on Thursday. BP has a 1-year low of GBX 379.70 ($4.89) and a 1-year high of GBX 562.30 ($7.25). The company has a current ratio of 1.22, a quick ratio of 0.62 and a debt-to-equity ratio of 105.65. The firm has a market cap of £79.41 billion, a PE ratio of 30.48, a P/E/G ratio of 0.35 and a beta of 0.49. The business’s 50-day moving average price is GBX 427.40 and its two-hundred day moving average price is GBX 408.80.

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.