BP’s (BP) Hold Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reiterated their hold rating on shares of BP (LON:BP) in a research report report published on Tuesday morning, Marketbeat reports. The firm currently has a GBX 520 price objective on the oil and gas exploration company’s stock.

A number of other equities research analysts have also weighed in on the company. Royal Bank Of Canada restated an “outperform” rating and set a GBX 700 price objective on shares of BP in a research note on Wednesday, August 5th. JPMorgan Chase & Co. cut their target price on shares of BP from GBX 600 to GBX 550 and set a “neutral” rating on the stock in a research note on Friday, July 3rd. UBS Group reiterated a “buy” rating on shares of BP in a research note on Tuesday, June 16th. Berenberg Bank boosted their price objective on BP from GBX 600 to GBX 605 and gave the company a “buy” rating in a report on Tuesday, August 18th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of BP in a report on Wednesday, July 1st. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 580.

BP Stock Performance

BP stock opened at GBX 522.70 on Tuesday. BP has a 12-month low of GBX 379.70 and a 12-month high of GBX 562.30. The company has a market capitalization of £101.73 billion, a price-to-earnings ratio of 39.04, a price-to-earnings-growth ratio of 0.35 and a beta of 0.06. The company has a debt-to-equity ratio of 124.41, a current ratio of 1.27 and a quick ratio of 0.62. The firm’s fifty day moving average price is GBX 512.85 and its 200 day moving average price is GBX 527.85.

BP Company Profile

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.