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

BP (LON:BP)‘s stock had its “hold” rating restated by analysts at Jefferies Financial Group in a report released on Tuesday,London Stock Exchange reports. They currently have a GBX 520 price objective on the oil and gas exploration company’s stock. Jefferies Financial Group’s target price indicates a potential downside of 2.57% from the stock’s current price.

Other equities research analysts have also issued reports about the stock. UBS Group reiterated a “buy” rating on shares of BP in a research note on Tuesday, June 16th. DZ Bank restated a “buy” rating on shares of BP in a research note on Tuesday, April 28th. JPMorgan Chase & Co. dropped their price objective on BP from GBX 600 to GBX 550 and set a “neutral” rating on the stock in a report on Friday, July 3rd. The Goldman Sachs Group reiterated a “buy” rating on shares of BP in a research report on Wednesday, July 1st. Finally, Barclays reissued a “buy” rating on shares of BP in a report on Tuesday, May 26th. Nine analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, BP presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 580.

BP Stock Down 2.9%

Shares of LON:BP opened at GBX 533.70 on Tuesday. The firm has a 50 day simple moving average of GBX 511.86 and a 200-day simple moving average of GBX 526.64. BP has a twelve month low of GBX 379.70 and a twelve month high of GBX 562.30. The company has a current ratio of 1.27, a quick ratio of 0.62 and a debt-to-equity ratio of 124.41. The company has a market capitalization of £103.87 billion, a PE ratio of 39.87, a P/E/G ratio of 0.35 and a beta of 0.06.

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.