BP's (BP) Underweight Rating Reaffirmed at JPMorgan Chase & Co.
JPMorgan Chase & Co. has reaffirmed an "underweight" rating for BP and set a target price of GBX 550 ($7.07) on the stock. Other reports have also provided ratings and price targets for BP. The stock is currently trading at GBX 451.65 ($5.81). BP is a carbon products and services provider, operating in various segments including gas and low carbon energy, oil production and operations, and customers and products.
BP (LON:BP - Get Free Report)'s stock had its "underweight" rating restated by JPMorgan Chase & Co. in a report issued on Wednesday, Digital Look reports. They currently have a GBX 550 ($7.07) price target on the oil and gas exploration company's stock. JPMorgan Chase & Co.'s price objective points to a potential upside of 21.78% from the stock's current price.
BP has been the subject of a number of other reports. Bank of America reiterated a "neutral" rating and issued a GBX 500 ($6.43) price target on shares of BP in a research note on Monday, April 22nd. Morgan Stanley reiterated an "overweight" rating on shares of BP in a research note on Tuesday, May 14th. Berenberg Bank reiterated a "hold" rating and issued a GBX 510 ($6.56) price target on shares of BP in a research note on Tuesday, July 9th. Royal Bank of Canada reissued an "outperform" rating and issued a GBX 650 ($8.36) price objective on shares of BP in a report on Tuesday, June 18th. Finally, Barclays reissued an "overweight" rating and issued a GBX 1,000 ($12.86) price objective on shares of BP in a report on Monday, April 8th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, BP currently has a consensus rating of "Hold" and a consensus price target of GBX 632.14 ($8.13).
Get Our Latest Stock Analysis on BP
BP Trading Down 0.3 %
BP stock opened at GBX 451.65 ($5.81) on Wednesday. The stock has a 50-day moving average of GBX 468.43 and a two-hundred day moving average of GBX 480.99. The company has a debt-to-equity ratio of 75.43, a quick ratio of 0.62 and a current ratio of 1.23. BP has a one year low of GBX 441.05 ($5.67) and a one year high of GBX 562.30 ($7.23). The stock has a market cap of £75.52 billion, a PE ratio of 1,050.35, a price-to-earnings-growth ratio of 0.35 and a beta of 0.54.
Insider Buying and Selling
In related news, insider Hina Nagarajan bought 5,000 shares of the company's stock in a transaction that occurred on Wednesday, June 5th. The shares were purchased at an average cost of GBX 460 ($5.92) per share, with a total value of £23,000 ($29,585.80). Insiders have purchased a total of 5,017 shares of company stock valued at $2,308,031 over the last ninety days. Company insiders own 0.28% of the company's stock.
About BP
(Get Free Report)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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