BP p.l.c. (LON:BP) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of BP p.l.c. (LON:BP) have earned an average recommendation of “Moderate Buy” from the eight research firms that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is GBX 517.

BP has been the subject of a number of analyst reports. JPMorgan Chase & Co. boosted their target price on shares of BP from GBX 520 to GBX 600 and gave the stock a “neutral” rating in a research note on Thursday, April 2nd. Barclays reiterated a “buy” rating on shares of BP in a research note on Tuesday, March 31st. Jefferies Financial Group reiterated a “neutral” rating on shares of BP in a research note on Thursday, April 2nd. Berenberg Bank restated a “buy” rating on shares of BP in a research note on Thursday, April 2nd. Finally, Morgan Stanley upgraded shares of BP to an “overweight” rating in a research note on Wednesday, March 25th.

Insider Transactions at BP

In related news, insider Carol Howle acquired 73 shares of the firm’s stock in a transaction on Monday, January 12th. The stock was bought at an average price of GBX 426 per share, for a total transaction of £310.98. Insiders have acquired a total of 215 shares of company stock valued at $100,858 in the last three months. Corporate insiders own 0.26% of the company’s stock.

BP Stock Performance

Shares of BP stock opened at GBX 591.20 on Tuesday. The company has a current ratio of 1.26, a quick ratio of 0.62 and a debt-to-equity ratio of 136.71. The firm has a fifty day moving average price of GBX 505.79 and a 200 day moving average price of GBX 462.04. The company has a market cap of £115.06 billion, a P/E ratio of 44.16, a PEG ratio of 0.35 and a beta of 0.06. BP has a 12 month low of GBX 379.70 and a 12 month high of GBX 562.30.

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.