BP's (BP) Hold Rating Reaffirmed at Berenberg Bank

BP (LON:BP - Get Free Report)'s stock had its "hold" rating restated by investment analysts at Berenberg Bank in a research note issued on Friday, Digital Look reports. They presently have a GBX 510 ($6.41) target price on the oil and gas exploration company's stock. Berenberg Bank's price objective would suggest a potential upside of 0.75% from the company's previous close.

A number of other equities analysts have also recently issued reports on the stock. Barclays reiterated an "overweight" rating and issued a GBX 1,000 ($12.56) price target on shares of BP in a research note on Monday, April 8th. JPMorgan Chase & Co. reiterated an "underweight" rating on shares of BP in a research note on Tuesday, February 20th. Bank of America reiterated a "neutral" rating and issued a GBX 500 ($6.28) price target on shares of BP in a research note on Monday, April 22nd. Finally, AlphaValue cut shares of BP to a "reduce" rating in a research note on Monday, February 12th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of GBX 628.57 ($7.89).

BP Stock Up 0.4 %

Shares of LON:BP traded up GBX 2.10 ($0.03) during midday trading on Friday, reaching GBX 506.20 ($6.36). The company's stock had a trading volume of 19,026,604 shares, compared to its average volume of 8,560,774. The firm has a 50 day moving average of GBX 503.38 and a 200-day moving average of GBX 482.78. The firm has a market capitalization of £84.94 billion, a P/E ratio of 744.41, a PEG ratio of 0.35 and a beta of 0.55. The company has a quick ratio of 0.62, a current ratio of 1.21 and a debt-to-equity ratio of 73.78. BP has a 12-month low of GBX 441.05 ($5.54) and a 12-month high of GBX 562.30 ($7.06).

Insider Buying and Selling at BP

In related news, insider Murray Auchincloss acquired 72 shares of the business's stock in a transaction on Wednesday, April 10th. The stock was acquired at an average cost of GBX 517 ($6.49) per share, with a total value of £372.24 ($467.52). Insiders purchased a total of 82 shares of company stock valued at $42,104 in the last three months. 0.28% of the stock is currently owned by corporate insiders.

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.

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