BP (LON:BP) Stock Rating Reaffirmed as “Hold” by Jefferies Financial Group

BP (LON:BP)‘s stock had its “hold” rating reiterated by Jefferies Financial Group in a research report issued on Wednesday, Digital Look reports. They presently have a GBX 580 price objective on the oil and gas exploration company’s stock. Jefferies Financial Group‘s price target would indicate a potential upside of 5.03% from the stock’s current price.

Other research analysts have also issued reports about the stock. UBS Group restated a “buy” rating on shares of BP in a report on Monday, September 28th. JPMorgan Chase & Co. upgraded BP from a “neutral” rating to an “overweight” rating and raised their price target for the company from GBX 550 to GBX 675 in a report on Wednesday, September 23rd. Royal Bank Of Canada restated a “buy” rating on shares of BP in a report on Thursday, September 24th. Finally, Berenberg Bank raised their price target on shares of BP from GBX 715 to GBX 720 and gave the company a “buy” rating in a report on Monday, November 2nd. Nine research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 668.75.

BP Stock Performance

BP stock opened at GBX 552.20 on Wednesday. The firm’s fifty day moving average price is GBX 577.13 and its 200-day moving average price is GBX 536.59. BP has a fifty-two week low of GBX 379.70 and a fifty-two week high of GBX 562.30. The company has a debt-to-equity ratio of 111.97, a quick ratio of 0.62 and a current ratio of 1.29. The stock has a market cap of £107.47 billion, a P/E ratio of 41.25, a price-to-earnings-growth ratio of 0.35 and a beta of 0.06.

Insider Buying and Selling

In other BP news, insider Ian Tyler purchased 18,043 shares of BP stock in a transaction dated Tuesday, November 10th. The shares were purchased at an average cost of GBX 550 per share, for a total transaction of £99,236.50. In the last 90 days, insiders have bought 18,051 shares of company stock worth $9,928,251. Corporate 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.