Jefferies Financial Group Reaffirms Hold Rating for BP (LON:BP)

Key Points

• Jefferies Financial Group has reaffirmed a "hold" rating on BP's stock with a target price of GBX 390 ($5.18), indicating a potential downside of 3.95% from its current price.
• BP's stock is currently trading at GBX 406.05 ($5.40) and has shown a 1-year range between GBX 379.70 ($5.05) and GBX 562.30 ($7.47).
• Insider activity includes the purchase of shares by insider Murray Auchincloss, with a total of 214 shares acquired in the last 90 days valued at around $80,903.

Jefferies Financial Group reissued their hold rating on shares of BP (LON:BP - Free Report) in a research note issued to investors on Tuesday morning, MarketBeat reports. The firm currently has a GBX 390 ($5.24) price objective on the oil and gas exploration company's stock.

BP Stock Performance

LON:BP traded up GBX 12.90 ($0.17) during mid-day trading on Tuesday, hitting GBX 430.35 ($5.79). The stock had a trading volume of 38,732,526 shares, compared to its average volume of 8,560,774. The stock has a market capitalization of £83.76 billion, a price-to-earnings ratio of 32.15, a P/E/G ratio of 0.35 and a beta of 0.49. The company has a current ratio of 1.22, a quick ratio of 0.62 and a debt-to-equity ratio of 105.65. BP has a 52 week low of GBX 379.70 ($5.11) and a 52 week high of GBX 562.30 ($7.56). The company has a 50 day simple moving average of GBX 385.28 and a 200-day simple moving average of GBX 395.67.

Insider Transactions at BP

In other news, insider Murray Auchincloss acquired 97 shares of the stock in a transaction dated Thursday, July 10th. The shares were acquired at an average cost of GBX 385 ($5.18) per share, for a total transaction of £373.45 ($502.22). Over the last quarter, insiders purchased 214 shares of company stock valued at $80,903. 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.