BP (LON:BP) Price Target Raised to GBX 480

BP (LON:BP) had its price target lifted by JPMorgan Chase & Co. from GBX 460 to GBX 480 in a report published on Friday, Marketbeat reports. JPMorgan Chase & Co. currently has a neutral rating on the oil and gas exploration company’s stock.

Other analysts have also issued research reports about the stock. Citigroup increased their price target on shares of BP from GBX 475 to GBX 525 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a GBX 500 target price on shares of BP in a report on Thursday, November 6th. Jefferies Financial Group restated a “hold” rating and set a GBX 420 price objective on shares of BP in a research report on Monday, November 17th. Finally, Berenberg Bank raised their price objective on BP from GBX 490 to GBX 525 and gave the company 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 issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of GBX 490.

BP Trading Down 2.6%

BP opened at GBX 452.85 on Friday. BP has a twelve month low of GBX 379.70 and a twelve month high of GBX 562.30. The company has a 50-day simple moving average of GBX 442.52 and a 200 day simple moving average of GBX 414.20. The company has a quick ratio of 0.62, a current ratio of 1.22 and a debt-to-equity ratio of 105.65. The stock has a market capitalization of £88.14 billion, a price-to-earnings ratio of 33.83, a P/E/G ratio of 0.35 and a beta of 0.49.

Insiders Place Their Bets

In other news, insider Amanda Blanc bought 23,600 shares of the stock in a transaction on Friday, September 19th. The stock was acquired at an average price of GBX 426 per share, with a total value of £100,536. In the last 90 days, insiders acquired 23,617 shares of company stock worth $10,061,041. 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.