BP (LON:BP) Given "Buy" Rating at Barclays

Key Points

• Barclays reissued a "Buy" rating on BP; overall, five analysts rate the stock Buy and three Hold, giving a consensus "Moderate Buy" and an average price target of GBX 517.
• BP shares opened at GBX 579.20, with a reported 52‑week range of GBX 379.70–562.30 and a market capitalization of £112.73 billion.
• Insider Carol Howle purchased 65 shares at GBX 478 on Feb. 10, and insiders bought 137 shares in the last quarter, leaving insiders owning 0.26% of the company.

BP (LON:BP - Get Free Report)'s stock had its "buy" rating reissued by analysts at Barclays in a report released on Tuesday,MarketScreener reports.

Several other research firms have also recently commented on BP. Berenberg Bank reaffirmed a "buy" rating on shares of BP in a report on Thursday, April 2nd. The Goldman Sachs Group restated a "buy" rating on shares of BP in a report on Thursday, March 26th. JPMorgan Chase & Co. upped their price objective on shares of BP from GBX 520 to GBX 600 and gave the company a "neutral" rating in a report on Thursday, April 2nd. Morgan Stanley upgraded shares of BP to an "overweight" rating in a research report on Wednesday, March 25th. Finally, Jefferies Financial Group reiterated a "neutral" rating on shares of BP in a report on Thursday, April 2nd. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of GBX 517.

BP Trading Up 0.9%

Shares of BP stock opened at GBX 579.20 on Tuesday. BP has a fifty-two week low of GBX 379.70 and a fifty-two week high of GBX 562.30. The company has a debt-to-equity ratio of 136.71, a quick ratio of 0.62 and a current ratio of 1.26. The stock's fifty day moving average is GBX 518.35 and its two-hundred day moving average is GBX 467.43. The firm has a market capitalization of £112.73 billion, a P/E ratio of 43.26, a PEG ratio of 0.35 and a beta of 0.06.

Insider Buying and Selling

In other news, insider Carol Howle purchased 65 shares of the business's stock in a transaction on Tuesday, February 10th. The shares were acquired at an average price of GBX 478 per share, for a total transaction of £310.70. Over the last quarter, insiders acquired 137 shares of company stock valued at $67,630. Corporate insiders own 0.26% of the company's stock.

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.

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