BP p.l.c. (LON:BP) Given Average Recommendation of “Moderate Buy” by Analysts

BP p.l.c. (LON:BP) has been assigned a consensus recommendation of “Moderate Buy” from the eleven analysts that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 635.

BP has been the subject of a number of research analyst reports. Berenberg Bank reissued a “buy” rating and set a GBX 700 target price on shares of BP in a research report on Wednesday, April 29th. The Goldman Sachs Group reissued a “buy” rating on shares of BP in a research report on Wednesday, April 29th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of BP in a research report on Tuesday, April 28th. Royal Bank Of Canada raised shares of BP from a “sector perform” rating to an “outperform” rating and set a GBX 700 target price for the company in a research report on Monday, May 11th. Finally, DZ Bank reaffirmed a “buy” rating on shares of BP in a research report on Tuesday, April 28th.

BP Stock Up 0.3%

Shares of BP stock opened at GBX 569 on Wednesday. The stock has a market capitalization of £110.74 billion, a P/E ratio of 42.50, a PEG ratio of 0.35 and a beta of 0.06. The company has a quick ratio of 0.62, a current ratio of 1.22 and a debt-to-equity ratio of 132.55. The stock has a 50 day moving average price of GBX 560.66 and a two-hundred day moving average price of GBX 490.07. BP has a 12-month low of GBX 379.70 and a 12-month high of GBX 562.30.

Insider Buying and Selling

In related news, insider Carol Howle purchased 62 shares of the firm’s stock in a transaction on Tuesday, March 10th. The shares were bought at an average cost of GBX 510 per share, for a total transaction of £316.20. Over the last quarter, insiders purchased 77 shares of company stock valued at $39,750. Insiders own 0.26% of the company’s stock.

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. 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.