BP (LON:BP) Given Buy Rating at Barclays

Key Points

• Barclays reissued a "buy" rating on BP, and overall seven analysts rate the stock Buy while three rate it Hold, leaving a consensus rating of Moderate Buy with a consensus price target of GBX 559.
• BP shares opened at GBX 571.80, trading above the reported 52‑week high of GBX 562.30, with a market capitalization of £111.29 billion and a P/E of 42.71.
• Company insiders have been net buyers recently — Carol Howle bought 65 shares at GBX 478, and insiders acquired 142 shares worth about $70,530 over the past three months.

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

BP has been the topic of a number of other reports. BNP Paribas Exane raised shares of BP from a "neutral" rating to an "outperform" rating in a report on Friday, April 17th. Royal Bank Of Canada reaffirmed a "neutral" rating on shares of BP in a report on Wednesday. Morgan Stanley raised shares of BP to an "overweight" rating in a report on Wednesday, March 25th. JPMorgan Chase & Co. restated a "neutral" rating on shares of BP in a research report on Tuesday, April 14th. Finally, UBS Group raised shares of BP to a "buy" rating in a report on Thursday, April 16th. Seven analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, BP presently has an average rating of "Moderate Buy" and a consensus price target of GBX 559.

BP Stock Up 0.3%

BP opened at GBX 571.80 on Friday. 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 market capitalization of £111.29 billion, a P/E ratio of 42.71, a PEG ratio of 0.35 and a beta of 0.06. The company's 50-day moving average is GBX 536.04 and its 200 day moving average is GBX 475.34. The company has a debt-to-equity ratio of 136.71, a current ratio of 1.26 and a quick ratio of 0.62.

Insider Transactions at BP

In related news, insider Carol Howle bought 65 shares of the company's stock in a transaction on Tuesday, February 10th. The shares were acquired at an average cost of GBX 478 per share, with a total value of £310.70. Over the last three months, insiders have bought 142 shares of company stock worth $70,530. Company insiders own 0.26% of the company's stock.

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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