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S&P 500   3,207.92 (-0.58%)
DOW   26,719.61 (-0.56%)
QQQ   257.74 (-1.21%)
AAPL   384.50 (-1.64%)
MSFT   203.72 (-2.08%)
FB   238.85 (-0.60%)
GOOGL   1,502.09 (-0.98%)
AMZN   2,980.00 (-0.96%)
NVDA   403.05 (-1.48%)
CGC   17.92 (-1.27%)
BABA   243.52 (-2.28%)
MU   50.00 (-1.01%)
GE   7.10 (-0.56%)
TSLA   1,506.45 (-2.56%)
AMD   54.43 (-1.64%)
T   30.31 (+1.00%)
ACB   12.19 (-5.28%)
F   6.79 (+0.74%)
GILD   76.13 (-0.68%)
DIS   119.42 (-1.22%)
NFLX   520.97 (-0.44%)
BAC   23.99 (-2.48%)
BA   180.46 (-3.98%)
S&P 500   3,207.92 (-0.58%)
DOW   26,719.61 (-0.56%)
QQQ   257.74 (-1.21%)
AAPL   384.50 (-1.64%)
MSFT   203.72 (-2.08%)
FB   238.85 (-0.60%)
GOOGL   1,502.09 (-0.98%)
AMZN   2,980.00 (-0.96%)
NVDA   403.05 (-1.48%)
CGC   17.92 (-1.27%)
BABA   243.52 (-2.28%)
MU   50.00 (-1.01%)
GE   7.10 (-0.56%)
TSLA   1,506.45 (-2.56%)
AMD   54.43 (-1.64%)
T   30.31 (+1.00%)
ACB   12.19 (-5.28%)
F   6.79 (+0.74%)
GILD   76.13 (-0.68%)
DIS   119.42 (-1.22%)
NFLX   520.97 (-0.44%)
BAC   23.99 (-2.48%)
BA   180.46 (-3.98%)
S&P 500   3,207.92 (-0.58%)
DOW   26,719.61 (-0.56%)
QQQ   257.74 (-1.21%)
AAPL   384.50 (-1.64%)
MSFT   203.72 (-2.08%)
FB   238.85 (-0.60%)
GOOGL   1,502.09 (-0.98%)
AMZN   2,980.00 (-0.96%)
NVDA   403.05 (-1.48%)
CGC   17.92 (-1.27%)
BABA   243.52 (-2.28%)
MU   50.00 (-1.01%)
GE   7.10 (-0.56%)
TSLA   1,506.45 (-2.56%)
AMD   54.43 (-1.64%)
T   30.31 (+1.00%)
ACB   12.19 (-5.28%)
F   6.79 (+0.74%)
GILD   76.13 (-0.68%)
DIS   119.42 (-1.22%)
NFLX   520.97 (-0.44%)
BAC   23.99 (-2.48%)
BA   180.46 (-3.98%)
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BP (LON:BP) Lifted to Buy at Jefferies Financial Group

Last updated on Thursday, July 16th, 2020 by MarketBeat

BP (LON:BP) was upgraded by Jefferies Financial Group to a "buy" rating in a research note issued on Thursday, ThisIsMoney.Co.Uk reports. The brokerage presently has a GBX 350 ($4.31) price objective on the oil and gas exploration company's stock, up from their previous price objective of GBX 320 ($3.94). Jefferies Financial Group's price target indicates a potential upside of 12.81% from the stock's current price.

A number of other equities analysts also recently issued reports on the company. Credit Suisse Group set a GBX 350 ($4.31) price target on BP and gave the stock a "neutral" rating in a research report on Tuesday. Bank of America lifted their price target on shares of BP from GBX 280 ($3.45) to GBX 335 ($4.12) and gave the company an "underperform" rating in a research note on Monday, June 22nd. Kepler Capital Markets reissued a "buy" rating and issued a GBX 400 ($4.92) price target on shares of BP in a report on Thursday, April 23rd. Berenberg Bank reaffirmed a "hold" rating on shares of BP in a report on Thursday, July 9th. Finally, Morgan Stanley reissued an "underweight" rating on shares of BP in a research note on Friday, July 10th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. The company has a consensus rating of "Hold" and a consensus price target of GBX 394.25 ($4.85).

BP stock opened at GBX 310.25 ($3.82) on Thursday. BP has a 52-week low of GBX 3.02 ($0.04) and a 52-week high of GBX 556.20 ($6.84). The company has a quick ratio of 0.58, a current ratio of 1.01 and a debt-to-equity ratio of 86.75. The firm has a market cap of $62.87 billion and a P/E ratio of -19.27. The company's 50-day simple moving average is GBX 317.43 and its 200-day simple moving average is GBX 368.33.

In related news, insider Bernard Looney purchased 88 shares of BP stock in a transaction dated Wednesday, June 10th. The shares were acquired at an average price of GBX 353 ($4.34) per share, for a total transaction of £310.64 ($382.28). In the last quarter, insiders have purchased 296 shares of company stock worth $93,984.

BP Company Profile

BP p.l.c. engages in energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, field development, and production; midstream transportation, storage, and processing; and marketing and trading of liquefied natural gas (LNG), biogas, power and natural gas liquids (NGLs).

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Analyst Recommendations for BP (LON:BP)

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8 Stocks Under $10 and On Sale Right Now

During times of market volatility, investors are looking to get return anywhere they can. One approach is to find cheap stocks (i.e. stocks that trade for less than $10). It’s not surprising that many of the cheap stocks can be found on Robinhood. This trading app is popular among millennial investors. And those investors are willing to speculate on cheap stocks.

And it’s easy to see why. Buying 100 shares of a stock that is trading for $5 can seem to be a wise investment if the stock moves higher. After all, if the stock price increases just $1, investors can see a 20% gain.

But that is not always the case. In fact, it’s not usually the case. The trap that some investors fall into is believing that these stocks can be the next Amazon or Apple. And while they do offer a potential reward, they also carry significant risk. It’s important to remember that when a stock is selling for less than $10, there’s usually a reason. And in some cases, it means the stock is under selling pressure.

This is one time when it’s important to remember that inexpensive does not necessarily mean the stock is a good value. However, there are some quality stocks that can be found in the bargain bin. And for many of these stocks, the value is found in a solid dividend that can reward income investors.

View the "8 Stocks Under $10 and On Sale Right Now".

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