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

BP p.l.c. (LON:BP) has been given an average rating of “Moderate Buy” by the eight research firms that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is GBX 493.

A number of equities research analysts have weighed in on the company. Barclays reaffirmed a “buy” rating on shares of BP in a report on Tuesday. Jefferies Financial Group restated a “hold” rating and set a GBX 440 price objective on shares of BP in a research report on Tuesday, January 20th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of BP in a research note on Thursday, March 26th. Berenberg Bank decreased their target price on BP from GBX 525 to GBX 520 and set a “buy” rating on the stock in a research report on Thursday, January 15th. Finally, Morgan Stanley raised BP to an “overweight” rating in a research note on Wednesday, March 25th.

BP Price Performance

LON:BP traded up GBX 17.90 during mid-day trading on Tuesday, reaching GBX 602. The stock had a trading volume of 68,864,625 shares, compared to its average volume of 8,560,774. BP has a 12 month low of GBX 379.70 and a 12 month high of GBX 562.30. The stock has a market capitalization of £117.17 billion, a PE ratio of 44.97, a P/E/G ratio of 0.35 and a beta of 0.06. The company has a debt-to-equity ratio of 136.71, a current ratio of 1.26 and a quick ratio of 0.62. The stock has a 50-day simple moving average of GBX 490.48 and a two-hundred day simple moving average of GBX 455.97.

Insider Transactions at BP

In related news, insider Carol Howle acquired 73 shares of the stock in a transaction that occurred on Monday, January 12th. The stock was acquired at an average cost of GBX 426 per share, for a total transaction of £310.98. In the last ninety days, insiders have purchased 215 shares of company stock worth $100,858. 0.26% of the stock is owned by corporate insiders.

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. In addition, the company involved in convenience and retail fuel, EV charging, Castrol lubricant, aviation, B2B, and midstream businesses; refining and oil trading; and bioenergy business.