BP (LON:BP) Earns "Neutral" Rating from Jefferies Financial Group

Key Points

• Jefferies Financial Group restated a "neutral" rating on BP in a Tuesday research note.
• Overall analyst consensus remains a "Moderate Buy" (five Buys, three Holds) with an average price target of GBX 517.
• BP shares opened at GBX 579.20 (above the average target); the stock has a market cap of £112.73 billion and a high PE of 43.26, while insiders made small purchases recently (insiders own ~0.26%).

BP (LON:BP - Get Free Report)'s stock had its "neutral" rating restated by equities researchers at Jefferies Financial Group in a research note issued on Tuesday,MarketScreener reports.

Other equities research analysts have also recently issued research reports about the stock. Berenberg Bank reiterated a "buy" rating on shares of BP in a research note on Thursday, April 2nd. JPMorgan Chase & Co. upped their price target on BP from GBX 520 to GBX 600 and gave the company a "neutral" rating in a report on Thursday, April 2nd. The Goldman Sachs Group reiterated a "buy" rating on shares of BP in a research report on Thursday, March 26th. Morgan Stanley raised BP to an "overweight" rating in a report on Wednesday, March 25th. Finally, Barclays restated a "buy" rating on shares of BP in a research report on Tuesday. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of GBX 517.

BP Price Performance

Shares of BP stock opened at GBX 579.20 on Tuesday. The company has a debt-to-equity ratio of 136.71, a current ratio of 1.26 and a quick ratio of 0.62. BP has a fifty-two week low of GBX 379.70 and a fifty-two week high of GBX 562.30. The firm has a fifty day moving average price of GBX 518.35 and a two-hundred day moving average price of GBX 467.43. The company has a market cap of £112.73 billion, a PE ratio of 43.26, a price-to-earnings-growth ratio of 0.35 and a beta of 0.06.

Insiders Place Their Bets

In related news, insider Carol Howle acquired 62 shares of the stock in a transaction dated Tuesday, March 10th. The shares were bought at an average cost of GBX 510 per share, for a total transaction of £316.20. Insiders purchased 137 shares of company stock worth $67,630 over the last 90 days. 0.26% of the stock is currently owned by 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.

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