BP (LON:BP) Receives “Hold” Rating from Jefferies Financial Group

BP (LON:BP)‘s stock had its “hold” rating reaffirmed by investment analysts at Jefferies Financial Group in a research report issued on Tuesday,Digital Look reports. They presently have a GBX 440 target price on the oil and gas exploration company’s stock. Jefferies Financial Group’s price target suggests a potential upside of 0.53% from the company’s current price.

Several other brokerages have also weighed in on BP. Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 500 price objective on shares of BP in a research report on Thursday, November 6th. JPMorgan Chase & Co. upped their price target on shares of BP from GBX 460 to GBX 480 and gave the company a “neutral” rating in a research note on Friday, December 5th. Citigroup increased their price target on shares of BP from GBX 475 to GBX 525 and gave the company a “buy” rating in a report on Monday, November 3rd. Finally, Berenberg Bank reduced their price objective on BP from GBX 525 to GBX 520 and set a “buy” rating for the company in a report on Thursday, January 15th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of GBX 493.

BP Stock Performance

Shares of LON BP opened at GBX 437.70 on Tuesday. 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 company has a market capitalization of £85.19 billion, a P/E ratio of 32.69, a P/E/G ratio of 0.35 and a beta of 0.49. BP has a 12 month low of GBX 379.70 and a 12 month high of GBX 562.30. The stock has a 50 day moving average of GBX 442.63 and a 200-day moving average of GBX 427.95.

Insider Buying and Selling

In related news, insider Murray Auchincloss bought 85 shares of the business’s stock in a transaction dated Wednesday, December 10th. The stock was purchased at an average cost of GBX 446 per share, for a total transaction of £379.10. Also, insider Carol Howle bought 73 shares of BP stock in a transaction dated Monday, January 12th. The shares were bought at an average cost of GBX 426 per share, for a total transaction of £310.98. Insiders have purchased 173 shares of company stock worth $75,663 in the last three months. 0.26% of the stock is currently owned by company 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.