Insider Buying: BP (LON:BP) Insider Acquires £379.10 in Stock

BP p.l.c. (LON:BP) insider Murray Auchincloss acquired 85 shares of the firm’s stock in a transaction on Wednesday, December 10th. The stock was purchased at an average cost of GBX 446 per share, with a total value of £379.10.

BP Stock Down 0.6%

Shares of BP opened at GBX 439.25 on Friday. The firm has a fifty day moving average price of GBX 444.10 and a 200-day moving average price of GBX 416.92. The company has a current ratio of 1.22, a quick ratio of 0.62 and a debt-to-equity ratio of 105.65. The firm has a market capitalization of £85.49 billion, a P/E ratio of 32.81, a P/E/G ratio of 0.35 and a beta of 0.49. BP p.l.c. has a 12-month low of GBX 379.70 and a 12-month high of GBX 562.30.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on BP shares. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 420 price target on shares of BP in a report on Monday, November 17th. JPMorgan Chase & Co. lifted their target price on BP from GBX 460 to GBX 480 and gave the company a “neutral” rating in a research note on Friday, December 5th. Berenberg Bank increased their price target on shares of BP from GBX 490 to GBX 525 and gave the company a “buy” rating in a research report on Tuesday, November 4th. Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 500 price target on shares of BP in a report on Thursday, November 6th. Finally, Citigroup boosted their price objective on shares of BP from GBX 475 to GBX 525 and gave the stock a “buy” rating in a research note on Monday, November 3rd. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of GBX 490.

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.