BP p.l.c. (LON:BP) Stock Rated “Moderate Buy” by Wall Street Analysts

BP p.l.c. (LON:BP) has earned a consensus recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is GBX 653.75.

A number of equities analysts have weighed in on the stock. Royal Bank Of Canada reaffirmed a “buy” rating on shares of BP in a research note on Thursday, September 24th. JPMorgan Chase & Co. raised BP from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from GBX 550 to GBX 675 in a research report on Wednesday, September 23rd. UBS Group restated a “buy” rating on shares of BP in a research note on Monday, September 28th. Berenberg Bank raised their price objective on BP from GBX 715 to GBX 720 and gave the company a “buy” rating in a research report on Monday, November 2nd. Finally, Jefferies Financial Group reiterated a “hold” rating and set a GBX 520 price objective on shares of BP in a research note on Wednesday, October 14th.

BP Trading Down 0.8%

Shares of LON BP opened at GBX 552.20 on Wednesday. BP has a 1 year low of GBX 379.70 and a 1 year high of GBX 562.30. The stock has a market cap of £107.47 billion, a P/E ratio of 41.25, a price-to-earnings-growth ratio of 0.35 and a beta of 0.06. The firm has a 50-day moving average of GBX 577.13 and a 200 day moving average of GBX 536.59. The company has a debt-to-equity ratio of 111.97, a current ratio of 1.29 and a quick ratio of 0.62.

Insider Buying and Selling at BP

In related news, insider Ian Tyler purchased 18,043 shares of BP stock in a transaction dated Tuesday, November 10th. The stock was purchased at an average cost of GBX 550 per share, for a total transaction of £99,236.50. Insiders acquired 18,051 shares of company stock worth $9,928,251 in the last ninety days. 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.