Jefferies Financial Group Reiterates “Neutral” Rating for BP (LON:BP)

BP (LON:BP)‘s stock had its “neutral” rating restated by research analysts at Jefferies Financial Group in a report issued on Thursday,MarketScreener reports.

Several other research firms also recently commented on BP. Berenberg Bank decreased their target price on BP from GBX 525 to GBX 520 and set a “buy” rating on the stock in a research report on Thursday, January 15th. Barclays reissued a “buy” rating on shares of BP in a report on Tuesday. Morgan Stanley raised BP to an “overweight” rating in a report on Wednesday, March 25th. The Goldman Sachs Group reiterated a “buy” rating on shares of BP in a research report on Thursday, March 26th. Finally, JPMorgan Chase & Co. increased their price objective on BP from GBX 460 to GBX 480 and gave the stock a “neutral” rating in a research report on Friday, December 5th. Five equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 493.

BP Stock Down 5.0%

Shares of BP opened at GBX 576 on Thursday. The firm has a market cap of £112.11 billion, a P/E ratio of 43.03, a price-to-earnings-growth ratio of 0.35 and a beta of 0.06. The company has a debt-to-equity ratio of 136.71, a quick ratio of 0.62 and a current ratio of 1.26. BP has a 52 week low of GBX 379.70 and a 52 week high of GBX 562.30. The firm’s 50-day simple moving average is GBX 497.13 and its 200 day simple moving average is GBX 458.26.

Insider Activity at BP

In related news, insider Carol Howle purchased 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 bought a total of 215 shares of company stock valued at $100,858 over the last three months. 0.26% of the stock is currently owned by corporate 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.