BP’s (BP) “Hold” Rating Reaffirmed at Jefferies Financial Group

BP (LON:BP)‘s stock had its “hold” rating reaffirmed by equities research analysts at Jefferies Financial Group in a research note issued on Wednesday, Digital Look reports. They presently have a GBX 580 price target on the oil and gas exploration company’s stock. Jefferies Financial Group‘s target price suggests a potential upside of 5.03% from the company’s current price.

Several other analysts have also recently issued reports on BP. Berenberg Bank increased their price objective on BP from GBX 715 to GBX 720 and gave the company a “buy” rating in a research note on Monday, November 2nd. Royal Bank Of Canada reissued a “buy” rating on shares of BP in a research note on Thursday, September 24th. JPMorgan Chase & Co. raised shares of BP from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from GBX 550 to GBX 675 in a report on Wednesday, September 23rd. Finally, UBS Group restated a “buy” rating on shares of BP in a research report on Monday, September 28th. Nine investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, BP currently has an average rating of “Moderate Buy” and an average price target of GBX 668.75.

BP Stock Performance

LON BP opened at GBX 552.20 on Wednesday. BP has a 1-year low of GBX 379.70 and a 1-year high of GBX 562.30. The company has a debt-to-equity ratio of 111.97, a current ratio of 1.29 and a quick ratio of 0.62. The company has a market cap of £107.47 billion, a PE ratio of 41.25, a price-to-earnings-growth ratio of 0.35 and a beta of 0.06. The stock’s 50 day simple moving average is GBX 577.13 and its 200-day simple moving average is GBX 536.59.

Insider Transactions at BP

In related news, insider Ian Tyler acquired 18,043 shares of the stock in a transaction that occurred on Tuesday, November 10th. The stock was purchased at an average cost of GBX 550 per share, for a total transaction of £99,236.50. Insiders have bought a total of 18,051 shares of company stock valued at $9,928,251 over the last quarter. Company 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.