BP’s (BP) “Hold” Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reiterated their hold rating on shares of BP (LON:BP) in a report released on Tuesday, Marketbeat.com reports. The firm currently has a GBX 440 price objective on the oil and gas exploration company’s stock.

Several other research firms have also recently weighed in on BP. Berenberg Bank cut their price objective on BP from GBX 525 to GBX 520 and set a “buy” rating on the stock in a report on Thursday, January 15th. Citigroup raised their price objective on shares of BP from GBX 475 to GBX 525 and gave the stock a “buy” rating in a report on Monday, November 3rd. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 500 target price on shares of BP in a research note on Thursday, November 6th. Finally, JPMorgan Chase & Co. increased their target price on BP from GBX 460 to GBX 480 and gave the stock a “neutral” rating in a report on Friday, December 5th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of GBX 493.

BP Stock Performance

BP stock opened at GBX 436.80 on Tuesday. BP has a 1-year low of GBX 379.70 and a 1-year high of GBX 562.30. The company has a current ratio of 1.22, a quick ratio of 0.62 and a debt-to-equity ratio of 105.65. The firm has a market cap of £85.01 billion, a PE ratio of 32.63, a P/E/G ratio of 0.35 and a beta of 0.49. The business’s 50-day moving average price is GBX 440.88 and its two-hundred day moving average price is GBX 428.55.

Insider Activity at BP

In other news, insider Carol Howle bought 73 shares of the firm’s stock in a transaction that occurred on Monday, January 12th. The stock was acquired at an average cost of GBX 426 per share, with a total value of £310.98. Also, insider Murray Auchincloss bought 85 shares of the stock in a transaction that occurred on Wednesday, December 10th. The shares were purchased at an average price of GBX 446 per share, for a total transaction of £379.10. Insiders have acquired a total of 173 shares of company stock worth $75,663 in the last ninety days. 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. 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.