BP’s (BP) “Hold” Rating Reaffirmed at Jefferies Financial Group

Jefferies Financial Group reiterated their hold rating on shares of BP (LON:BP) in a research note published on Tuesday, Marketbeat.com reports. They currently have a GBX 440 price objective on the oil and gas exploration company’s stock.

Other research analysts also recently issued reports about the company. Berenberg Bank decreased their price objective on BP from GBX 525 to GBX 520 and set a “buy” rating for the company in a report on Thursday, January 15th. Citigroup upped their price target on 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 reiterated a “sector perform” rating and issued a GBX 500 price objective on shares of BP in a report on Thursday, November 6th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of BP from GBX 460 to GBX 480 and gave the stock a “neutral” rating in a research report on Friday, December 5th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of GBX 493.

BP Price Performance

Shares of LON BP opened at GBX 437.70 on Tuesday. The company has a fifty day moving average price of GBX 442.10 and a 200 day moving average price of GBX 428.37. The firm has a market cap of £85.19 billion, a PE ratio of 32.69, a PEG ratio of 0.35 and a beta of 0.49. The company has a current ratio of 1.22, a quick ratio of 0.62 and a debt-to-equity ratio of 105.65. BP has a 1-year low of GBX 379.70 and a 1-year high of GBX 562.30.

Insider Buying and Selling at BP

In other news, insider Carol Howle purchased 73 shares of the business’s stock in a transaction on Monday, January 12th. The stock was purchased at an average price of GBX 426 per share, for a total transaction of £310.98. Also, insider Murray Auchincloss acquired 85 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The stock was purchased at an average cost of GBX 446 per share, with a total value of £379.10. Insiders purchased 173 shares of company stock valued at $75,663 over the last three months. 0.26% of the stock is owned by company 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. 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.