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 research report sent to investors on Monday, MarketBeat.com reports. They currently have a GBX 420 target price on the oil and gas exploration company’s stock.

A number of other equities analysts have also recently issued reports on the stock. Citigroup raised their target price on shares of BP from GBX 475 to GBX 525 and gave the stock a “buy” rating in a report on Monday, November 3rd. JPMorgan Chase & Co. raised their price target on BP from GBX 420 to GBX 440 and gave the stock a “neutral” rating in a report on Wednesday, August 6th. Royal Bank Of Canada restated a “sector perform” rating and set a GBX 500 price objective on shares of BP in a research report on Thursday, November 6th. Finally, Berenberg Bank upped their price objective on BP from GBX 490 to GBX 525 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of GBX 482.

BP Trading Down 1.1%

BP stock opened at GBX 458.55 on Monday. BP has a 1 year low of GBX 379.70 and a 1 year high of GBX 562.30. The firm’s 50-day moving average is GBX 435.35 and its 200-day moving average is GBX 406.28. 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 company has a market cap of £89.25 billion, a P/E ratio of 34.25, a PEG ratio of 0.35 and a beta of 0.49.

Insider Buying and Selling

In other news, insider Amanda Blanc purchased 23,600 shares of the stock in a transaction dated Friday, September 19th. The shares were bought at an average cost of GBX 426 per share, for a total transaction of £100,536. Over the last 90 days, insiders have bought 23,617 shares of company stock worth $10,061,041. 0.26% of the stock is currently owned by company insiders.

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.