BP (LON:BP) Downgraded to “Reduce” at AlphaValue

BP (LON:BPGet Free Report) was downgraded by stock analysts at AlphaValue to a “reduce” rating in a report released on Monday, LSE.Co.UK reports.

Other research analysts also recently issued reports about the company. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a GBX 550 ($6.89) price target on shares of BP in a report on Thursday, December 14th. Berenberg Bank raised their price target on BP from GBX 490 ($6.14) to GBX 525 ($6.58) and gave the stock a “hold” rating in a report on Thursday, November 2nd. Finally, Royal Bank of Canada lifted their price objective on shares of BP from GBX 550 ($6.89) to GBX 625 ($7.84) and gave the stock an “outperform” rating in a research note on Monday, November 27th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of GBX 631.22 ($7.91).

Read Our Latest Analysis on BP

BP Price Performance

LON:BP traded up GBX 2.20 ($0.03) during trading hours on Monday, reaching GBX 478.45 ($6.00). The stock had a trading volume of 21,685,877 shares, compared to its average volume of 8,560,774. The stock has a market capitalization of £81.58 billion, a PE ratio of 703.60, a PEG ratio of 0.35 and a beta of 0.54. The company has a debt-to-equity ratio of 73.78, a quick ratio of 0.62 and a current ratio of 1.21. The company has a 50 day moving average price of GBX 462.93 and a two-hundred day moving average price of GBX 487.64. BP has a 52 week low of GBX 441.05 ($5.53) and a 52 week high of GBX 567.70 ($7.12).

Insider Buying and Selling

In other BP news, insider Hina Nagarajan purchased 10,000 shares of the company’s stock in a transaction on Wednesday, November 22nd. The shares were bought at an average cost of GBX 470 ($5.89) per share, with a total value of £47,000 ($58,919.39). In other news, insider Hina Nagarajan purchased 10,000 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The shares were purchased at an average cost of GBX 470 ($5.89) per share, for a total transaction of £47,000 ($58,919.39). Also, insider Murray Auchincloss purchased 82 shares of the stock in a transaction that occurred on Wednesday, January 10th. The shares were purchased at an average price of GBX 459 ($5.75) per share, for a total transaction of £376.38 ($471.83). Insiders purchased 10,162 shares of company stock valued at $4,775,078 over the last 90 days. 0.29% of the stock is currently owned by company insiders.

BP Company Profile

(Get Free Report)

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.

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Analyst Recommendations for BP (LON:BP)

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