BP p.l.c. (LON:BP) Receives Consensus Recommendation of “Hold” from Analysts

BP p.l.c. (LON:BP) has been given a consensus recommendation of “Hold” by the eight ratings firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is GBX 595 ($7.40).

A number of brokerages have weighed in on BP. JPMorgan Chase & Co. upped their price target on BP from GBX 425 ($5.29) to GBX 440 ($5.47) and gave the company an “underweight” rating in a research report on Tuesday, January 14th. Berenberg Bank lowered their price target on BP from GBX 470 ($5.85) to GBX 440 ($5.47) and set a “hold” rating on the stock in a research report on Friday, November 29th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 540 ($6.72) price target on shares of BP in a research report on Monday, December 16th.

Insiders Place Their Bets

In other news, insider Murray Auchincloss purchased 95 shares of the business’s stock in a transaction dated Tuesday, December 10th. The shares were acquired at an average price of GBX 394 ($4.90) per share, with a total value of £374.30 ($465.49). Over the last quarter, insiders have acquired 283 shares of company stock valued at $111,954. 0.26% of the stock is currently owned by corporate insiders.

BP Stock Performance

BP opened at GBX 429 ($5.34) on Friday. The stock has a market cap of £68.00 billion, a PE ratio of 1,300.00, a P/E/G ratio of 0.35 and a beta of 0.49. The company has a current ratio of 1.24, a quick ratio of 0.62 and a debt-to-equity ratio of 79.91. BP has a 1 year low of GBX 379.70 ($4.72) and a 1 year high of GBX 562.30 ($6.99). The stock’s 50 day simple moving average is GBX 402.90 and its 200-day simple moving average is GBX 408.66.

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.