BP (LON:BP – Get 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 %
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
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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