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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8 Stocks Under $10 and On Sale Right Now
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