JPMorgan Chase & Co. Increases BP (LON:BP) Price Target to GBX 440

BP (LON:BPGet Free Report) had its target price increased by investment analysts at JPMorgan Chase & Co. from GBX 425 ($5.20) to GBX 440 ($5.38) in a report issued on Tuesday,Digital Look reports. The firm presently has an “underweight” rating on the oil and gas exploration company’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 2.04% from the company’s previous close.

Several other analysts also recently commented on the stock. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 540 ($6.61) price objective on shares of BP in a research report on Monday, December 16th. Berenberg Bank cut their price objective on shares of BP from GBX 470 ($5.75) to GBX 440 ($5.38) and set a “hold” rating on the stock in a report on Friday, November 29th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, BP presently has a consensus rating of “Hold” and an average target price of GBX 595 ($7.28).

View Our Latest Stock Report on BP

BP Trading Up 1.4 %

LON BP traded up GBX 6.10 ($0.07) during trading hours on Tuesday, reaching GBX 431.20 ($5.28). The company’s stock had a trading volume of 46,834,034 shares, compared to its average volume of 8,560,774. The firm has a fifty day simple moving average of GBX 388.56 and a 200-day simple moving average of GBX 413.38. The stock has a market cap of £68.35 billion, a P/E ratio of 1,306.67, a P/E/G ratio of 0.35 and a beta of 0.49. BP has a 52 week low of GBX 379.70 ($4.65) and a 52 week high of GBX 562.30 ($6.88). The company has a debt-to-equity ratio of 79.91, a current ratio of 1.24 and a quick ratio of 0.62.

Insider Transactions at BP

In other BP news, insider Murray Auchincloss acquired 95 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The stock was bought at an average price of GBX 394 ($4.82) per share, for a total transaction of £374.30 ($458.03). Insiders have purchased 283 shares of company stock valued at $111,954 over the last quarter. 0.26% of the stock is currently owned by company insiders.

BP Company Profile

(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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Analyst Recommendations for BP (LON:BP)

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