Analysts Set BP p.l.c. (LON:BP) PT at GBX 578.33

Shares of BP p.l.c. (LON:BP) have earned an average rating of “Moderate Buy” from the seven analysts that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is GBX 578.33 ($7.48).

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

Insider Activity at BP

In related news, insider Murray Auchincloss bought 87 shares of the business’s stock in a transaction on Monday, February 10th. The shares were purchased at an average cost of GBX 433 ($5.60) per share, with a total value of £376.71 ($487.08). Insiders acquired a total of 180 shares of company stock worth $76,960 in the last quarter. 0.26% of the stock is owned by insiders.

BP Stock Down 2.4 %

LON BP opened at GBX 435.50 ($5.63) on Monday. The business has a fifty day moving average price of GBX 434.83 and a two-hundred day moving average price of GBX 409.37. The stock has a market capitalization of £84.76 billion, a PE ratio of 32.53, a PEG ratio of 0.35 and a beta of 0.49. BP has a fifty-two week low of GBX 379.70 ($4.91) and a fifty-two week high of GBX 562.30 ($7.27). The company has a debt-to-equity ratio of 105.65, a current ratio of 1.22 and a quick ratio of 0.62.

BP Company Profile

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.