BP p.l.c. (LON:BP) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of BP p.l.c. (LON:BP) have earned an average rating of “Moderate Buy” from the ten brokerages that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is GBX 559.

BP has been the subject of several recent analyst reports. UBS Group upgraded shares of BP to a “buy” rating in a research note on Thursday, April 16th. The Goldman Sachs Group restated a “buy” rating on shares of BP in a research note on Thursday, March 26th. Jefferies Financial Group restated a “hold” rating and issued a GBX 650 target price on shares of BP in a research note on Wednesday, April 15th. BNP Paribas Exane upgraded shares of BP from a “neutral” rating to an “outperform” rating in a research note on Friday, April 17th. Finally, Royal Bank Of Canada restated a “neutral” rating on shares of BP in a research note on Wednesday.

BP Price Performance

Shares of BP opened at GBX 571.80 on Friday. The company has a market cap of £111.29 billion, a price-to-earnings ratio of 42.71, a price-to-earnings-growth ratio of 0.35 and a beta of 0.06. BP has a twelve month low of GBX 379.70 and a twelve month high of GBX 562.30. The company has a quick ratio of 0.62, a current ratio of 1.26 and a debt-to-equity ratio of 136.71. The company has a 50 day moving average of GBX 536.04 and a two-hundred day moving average of GBX 475.34.

Insiders Place Their Bets

In related news, insider Carol Howle purchased 62 shares of the firm’s stock in a transaction on Tuesday, March 10th. The stock was acquired at an average price of GBX 510 per share, with a total value of £316.20. Insiders have purchased 142 shares of company stock valued at $70,530 in the last three months. 0.26% of the stock is owned by company insiders.

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.