Jefferies Financial Group Reaffirms “Hold” Rating for BP (LON:BP)

BP (LON:BP)‘s stock had its “hold” rating restated by Jefferies Financial Group in a research report issued to clients and investors on Tuesday,London Stock Exchange reports. They presently have a GBX 520 target price on the oil and gas exploration company’s stock. Jefferies Financial Group’s price target indicates a potential downside of 2.57% from the stock’s current price.

Several other research firms also recently commented on BP. DZ Bank restated a “buy” rating on shares of BP in a research note on Tuesday, April 28th. JPMorgan Chase & Co. lowered their target price on BP from GBX 600 to GBX 550 and set a “neutral” rating for the company in a research note on Friday, July 3rd. The Goldman Sachs Group restated a “buy” rating on shares of BP in a report on Wednesday, July 1st. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 700 price target on shares of BP in a research report on Wednesday, August 5th. Finally, UBS Group reiterated a “buy” rating on shares of BP in a research note on Tuesday, June 16th. Nine equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 580.

BP Trading Down 2.9%

Shares of BP stock opened at GBX 533.70 on Tuesday. The company has a debt-to-equity ratio of 124.41, a quick ratio of 0.62 and a current ratio of 1.27. The stock has a market capitalization of £103.87 billion, a P/E ratio of 39.87, a price-to-earnings-growth ratio of 0.35 and a beta of 0.06. The company has a 50 day moving average price of GBX 511.86 and a 200 day moving average price of GBX 526.64. BP has a fifty-two week low of GBX 379.70 and a fifty-two week high of GBX 562.30.

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.