BP (LON:BP) Upgraded to “Neutral” at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of BP (LON:BP) to a neutral rating in a report published on Thursday morning, MarketBeat reports. They currently have GBX 510 ($6.46) price objective on the oil and gas exploration company’s stock, up from their previous price objective of GBX 440 ($5.58).

Several other equities analysts have also recently issued reports on BP. Jefferies Financial Group reissued a “buy” rating and issued a GBX 540 ($6.84) price objective on shares of BP in a report on Monday, December 16th. Berenberg Bank decreased their price objective on BP from GBX 470 ($5.96) to GBX 440 ($5.58) and set a “hold” rating for the company in a report on Friday, November 29th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a GBX 480 ($6.08) price objective on shares of BP in a report on Thursday. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 578.33 ($7.33).

BP Stock Up 0.2 %

BP stock opened at GBX 463.30 ($5.87) on Thursday. The company has a debt-to-equity ratio of 105.65, a quick ratio of 0.62 and a current ratio of 1.22. The business’s 50-day simple moving average is GBX 418.04 and its two-hundred day simple moving average is GBX 409.01. The company has a market cap of £90.17 billion, a PE ratio of 34.61, a PEG ratio of 0.35 and a beta of 0.49. BP has a fifty-two week low of GBX 379.70 ($4.81) and a fifty-two week high of GBX 562.30 ($7.12).

Insider Buying and Selling

In other news, insider Murray Auchincloss bought 87 shares of BP stock in a transaction on Monday, February 10th. The stock was acquired at an average price of GBX 433 ($5.49) per share, with a total value of £376.71 ($477.33). In the last 90 days, insiders acquired 270 shares of company stock valued at $112,325. 0.26% of the stock is owned by company 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.