JPMorgan Chase & Co. Reiterates "Neutral" Rating for BP (LON:BP)

Key Points

• JPMorgan Chase reiterated a "neutral" rating on BP, while the broader analyst consensus is a Moderate Buy (five Buys, three Holds) with an average price target of GBX 517.
• BP shares opened at GBX 579.20 (up 0.9%), with a market capitalization of £112.73 billion and a price-to-earnings ratio of 43.26.
• Insider Carol Howle bought 62 shares at GBX 510; insiders bought 137 shares (total value $67,630) over the last quarter and collectively own 0.26% of the company.

BP (LON:BP - Get Free Report)'s stock had its "neutral" rating restated by research analysts at JPMorgan Chase & Co. in a report issued on Tuesday,MarketScreener reports.

Other research analysts also recently issued research reports about the company. Barclays restated a "buy" rating on shares of BP in a research note on Tuesday. The Goldman Sachs Group reissued a "buy" rating on shares of BP in a report on Thursday, March 26th. Morgan Stanley upgraded shares of BP to an "overweight" rating in a research report on Wednesday, March 25th. Berenberg Bank reaffirmed a "buy" rating on shares of BP in a research note on Thursday, April 2nd. Finally, Jefferies Financial Group reaffirmed a "neutral" rating on shares of BP in a report on Tuesday. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, BP currently has a consensus rating of "Moderate Buy" and an average price target of GBX 517.

BP Stock Up 0.9%

BP stock opened at GBX 579.20 on Tuesday. The firm has a 50 day simple moving average of GBX 518.35 and a 200 day simple moving average of GBX 467.43. The company has a current ratio of 1.26, a quick ratio of 0.62 and a debt-to-equity ratio of 136.71. BP has a 1-year low of GBX 379.70 and a 1-year high of GBX 562.30. The firm has a market capitalization of £112.73 billion, a price-to-earnings ratio of 43.26, a P/E/G ratio of 0.35 and a beta of 0.06.

Insiders Place Their Bets

In related news, insider Carol Howle bought 62 shares of the stock in a transaction that occurred on Tuesday, March 10th. The shares were acquired at an average cost of GBX 510 per share, with a total value of £316.20. Insiders have purchased 137 shares of company stock valued at $67,630 over the last quarter. 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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