BP (LON:BP) Price Target Raised to GBX 440 at JPMorgan Chase & Co.

BP (LON:BP) had its price objective upped by equities research analysts at JPMorgan Chase & Co. from GBX 425 ($5.20) to GBX 440 ($5.38) in a report released on Tuesday,Digital Look reports. The brokerage currently has an “underweight” rating on the oil and gas exploration company’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 2.04% from the company’s previous close.

Other analysts also recently issued reports about the company. Berenberg Bank reduced their target price on BP from GBX 470 ($5.75) to GBX 440 ($5.38) and set a “hold” rating for the company in a report on Friday, November 29th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 540 ($6.61) price objective on shares of BP in a research note on Monday, December 16th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of GBX 595 ($7.28).

BP Trading Up 1.4 %

Shares of LON BP traded up GBX 6.10 ($0.07) during trading on Tuesday, reaching GBX 431.20 ($5.28). The stock had a trading volume of 46,834,034 shares, compared to its average volume of 8,560,774. BP has a fifty-two week low of GBX 379.70 ($4.65) and a fifty-two week high of GBX 562.30 ($6.88). The company has a debt-to-equity ratio of 79.91, a quick ratio of 0.62 and a current ratio of 1.24. The business’s 50-day moving average price is GBX 388.56 and its 200-day moving average price is GBX 413.38. The company has a market cap of £68.35 billion, a P/E ratio of 1,306.67, a PEG ratio of 0.35 and a beta of 0.49.

Insider Activity

In other BP news, insider Murray Auchincloss purchased 100 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were bought at an average price of GBX 373 ($4.56) per share, with a total value of £373 ($456.44). Insiders acquired 283 shares of company stock worth $111,954 over the last ninety days. 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.