BP (LON:BP) Receives Neutral Rating from Jefferies Financial Group

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

Several other equities analysts have also recently issued reports on BP. The Goldman Sachs Group reiterated a “buy” rating on shares of BP in a report on Wednesday, April 29th. Berenberg Bank reissued a “buy” rating and set a GBX 700 price objective on shares of BP in a report on Wednesday, April 29th. Royal Bank Of Canada upgraded shares of BP from a “sector perform” rating to an “outperform” rating and set a GBX 700 target price on the stock in a research report on Monday, May 11th. Barclays reiterated a “buy” rating on shares of BP in a research report on Friday, April 24th. Finally, BNP Paribas Exane raised shares of BP from a “neutral” rating to an “outperform” rating in a research note on Friday, April 17th. Nine analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, BP presently has a consensus rating of “Moderate Buy” and an average target price of GBX 635.

BP Trading Down 0.9%

BP traded down GBX 5.30 during mid-day trading on Thursday, reaching GBX 563.70. The stock had a trading volume of 43,380,557 shares, compared to its average volume of 8,560,774. The firm’s fifty day simple moving average is GBX 562.06 and its two-hundred day simple moving average is GBX 490.96. The stock has a market capitalization of £109.71 billion, a P/E ratio of 42.11, a P/E/G ratio of 0.35 and a beta of 0.06. BP has a 52 week low of GBX 379.70 and a 52 week high of GBX 562.30. The company has a debt-to-equity ratio of 132.55, a quick ratio of 0.62 and a current ratio of 1.22.

Insider Activity at BP

In other news, insider Carol Howle purchased 62 shares of the business’s stock in a transaction that occurred on Tuesday, March 10th. The shares were acquired at an average cost of GBX 510 per share, for a total transaction of £316.20. Over the last three months, insiders bought 77 shares of company stock valued at $39,750. Corporate insiders own 0.26% of the company’s stock.

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.