BP (LON:BP) Price Target Raised to GBX 440

Key Points

• JPMorgan Chase & Co. has raised the price target for BP to GBX 440, signaling a potential upside of 5.40% from the previous close.
• Analysts from Jefferies Financial Group and Royal Bank Of Canada have also provided ratings, with price targets of GBX 390 and GBX 470, respectively, maintaining a mixed outlook on BP's stock.
• BP’s stock currently exhibits moderate volatility with a market cap of £81.25 billion and a reported debt-to-equity ratio of 105.65.

BP (LON:BP - Free Report) had its target price boosted by JPMorgan Chase & Co. from GBX 420 ($5.65) to GBX 440 ($5.92) in a research report report published on Wednesday morning, MarketBeat Ratings reports. JPMorgan Chase & Co. currently has a neutral rating on the oil and gas exploration company's stock.

Several other equities research analysts have also recently issued reports on BP. Jefferies Financial Group reiterated a "hold" rating and issued a GBX 390 ($5.25) price objective on shares of BP in a report on Tuesday. Royal Bank Of Canada lifted their price objective on BP from GBX 450 ($6.05) to GBX 470 ($6.32) and gave the stock a "sector perform" rating in a report on Wednesday. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, BP currently has a consensus rating of "Hold" and an average target price of GBX 460 ($6.19).

BP Price Performance

Shares of LON:BP traded down GBX 4.60 ($0.06) during trading on Wednesday, reaching GBX 425.75 ($5.73). 22,462,038 shares of the company's stock traded hands, compared to its average volume of 8,560,774. BP has a fifty-two week low of GBX 379.70 ($5.11) and a fifty-two week high of GBX 562.30 ($7.56). The company has a quick ratio of 0.62, a current ratio of 1.22 and a debt-to-equity ratio of 105.65. The firm has a market cap of £82.86 billion, a PE ratio of 31.80, a P/E/G ratio of 0.35 and a beta of 0.49. 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 BP news, insider Murray Auchincloss bought 97 shares of the firm's stock in a transaction on Thursday, July 10th. The shares were acquired at an average cost of GBX 385 ($5.18) per share, with a total value of £373.45 ($502.29). In the last 90 days, insiders bought 214 shares of company stock valued at $80,903. 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.