BP p.l.c. (LON:BP) Given Average Rating of “Moderate Buy” by Brokerages

Shares of BP p.l.c. (LON:BP) have earned a consensus rating of “Moderate Buy” from the seven brokerages that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is GBX 578.33 ($7.48).

Several research analysts have recently weighed in on BP shares. JPMorgan Chase & Co. upgraded shares of BP to a “neutral” rating and boosted their price objective for the stock from GBX 440 ($5.69) to GBX 510 ($6.59) in a research note on Thursday, February 20th. Jefferies Financial Group reissued a “buy” rating and set a GBX 540 ($6.98) price target on shares of BP in a research report on Monday, December 16th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a GBX 480 ($6.21) price objective on shares of BP in a research report on Thursday, February 20th.

BP Price Performance

Shares of BP opened at GBX 435.50 ($5.63) on Monday. The company has a current ratio of 1.22, a quick ratio of 0.62 and a debt-to-equity ratio of 105.65. The company’s fifty day simple moving average is GBX 434.83 and its 200 day simple moving average is GBX 409.37. BP has a 1-year low of GBX 379.70 ($4.91) and a 1-year high of GBX 562.30 ($7.27). The company has a market cap of £84.76 billion, a price-to-earnings ratio of 32.53, a PEG ratio of 0.35 and a beta of 0.49.

Insider Transactions at BP

In other BP news, insider Murray Auchincloss acquired 88 shares of the business’s stock in a transaction on Friday, January 10th. The stock was purchased at an average price of GBX 423 ($5.47) per share, with a total value of £372.24 ($481.30). Over the last quarter, insiders have bought 180 shares of company stock worth $76,960. 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.