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

Shares of BP p.l.c. (LON:BP) have earned an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 494 ($6.55).

A number of research firms recently commented on BP. JPMorgan Chase & Co. raised shares of BP to a “neutral” rating and boosted their price objective for the stock from GBX 440 ($5.83) to GBX 510 ($6.76) in a report on Thursday, February 20th. Royal Bank of Canada reissued a “sector perform” rating and set a GBX 480 ($6.36) price target on shares of BP in a research note on Thursday, February 20th.

BP Price Performance

Shares of LON BP opened at GBX 358.95 ($4.76) on Friday. The company’s fifty day moving average is GBX 412.05 and its two-hundred day moving average is GBX 404.94. 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 firm has a market capitalization of £69.86 billion, a P/E ratio of 26.81, a PEG ratio of 0.35 and a beta of 0.49. BP has a one year low of GBX 379.70 ($5.03) and a one year high of GBX 562.30 ($7.45).

Insider Buying and Selling at BP

In related news, insider Murray Auchincloss purchased 87 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was bought at an average cost of GBX 433 ($5.74) per share, with a total value of £376.71 ($499.15). In the last three months, insiders acquired 205 shares of company stock worth $77,365. 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.