BP (LON:BP) PT Set at GBX 625 by JPMorgan Chase & Co.

BP (LON:BP) has been assigned a GBX 625 ($8.17) price objective by equities researchers at JPMorgan Chase & Co. in a report released on Friday, Borsen Zeitung reports. The firm presently has a “buy” rating on the oil and gas exploration company’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 14.47% from the stock’s current price.

A number of other research analysts have also recently weighed in on the company. Goldman Sachs Group set a €152.00 ($176.74) target price on Aena SME and gave the company a “sell” rating in a report on Tuesday, April 30th. Sanford C. Bernstein cut Encana from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 30th. Credit Suisse Group assumed coverage on LTC Properties in a report on Wednesday. They issued an “underperform” rating and a $19.00 target price on the stock. UBS Group lifted their target price on Spotify Technology from $180.00 to $182.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Finally, HSBC upgraded AU Optronics from a “reduce” rating to a “hold” rating in a report on Wednesday. Two analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. BP has a consensus rating of “Buy” and an average target price of GBX 650 ($8.49).

Shares of BP stock opened at GBX 546 ($7.13) on Friday. BP has a twelve month low of GBX 481.35 ($6.29) and a twelve month high of GBX 603.20 ($7.88). The firm has a market capitalization of $111.34 billion and a PE ratio of 11.19. The company has a quick ratio of 0.66, a current ratio of 1.02 and a debt-to-equity ratio of 87.27. The firm has a fifty day moving average price of GBX 546.35.

In related news, insider Brian Gilvary acquired 58 shares of the business’s stock in a transaction on Monday, June 10th. The shares were bought at an average cost of GBX 552 ($7.21) per share, with a total value of £320.16 ($418.35). Insiders acquired 174 shares of company stock worth $94,192 over the last three months.

About BP

BP p.l.c. engages in energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, field development, and production; midstream transportation, storage, and processing; and marketing and trading of liquefied natural gas (LNG), biogas, power and natural gas liquids (NGLs).

Further Reading: How to Invest in a Bull Market

Analyst Recommendations for BP (LON:BP)

Receive News & Ratings for BP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BP and related companies with MarketBeat.com's FREE daily email newsletter.