JPMorgan Chase & Co. Reiterates GBX 600 Price Target for BP (LON:BP)
BP (LON:BP) has been assigned a GBX 600 ($7.89) target price by equities researchers at JPMorgan Chase & Co. in a research report issued to clients and investors on Thursday, Borsen Zeitung reports. The firm currently has a “buy” rating on the oil and gas exploration company’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 30.59% from the company’s previous close.
Several other research firms have also commented on BP. Credit Suisse Group cut their price objective on BP from GBX 605 ($7.96) to GBX 570 ($7.50) and set a “neutral” rating on the stock in a research report on Wednesday, February 5th. HSBC cut their price objective on BP from GBX 600 ($7.89) to GBX 595 ($7.83) and set a “buy” rating on the stock in a research report on Wednesday. Citigroup reissued a “buy” rating on shares of BP in a research report on Wednesday, February 5th. Main First Bank started coverage on BP in a research report on Wednesday, December 4th. They issued an “outperform” rating and a GBX 620 ($8.16) price objective on the stock. Finally, DZ Bank cut their price objective on BP from GBX 600 ($7.89) to GBX 560 ($7.37) and set a “buy” rating on the stock in a research report on Wednesday, February 5th. Two analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of GBX 601.47 ($7.91).
LON:BP opened at GBX 459.45 ($6.04) on Thursday. The business’s 50-day moving average is GBX 483.13 and its two-hundred day moving average is GBX 496.08. The company has a debt-to-equity ratio of 76.90, a current ratio of 1.12 and a quick ratio of 0.66. BP has a 12 month low of GBX 4.69 ($0.06) and a 12 month high of GBX 583.40 ($7.67). The firm has a market capitalization of $93.48 billion and a PE ratio of 23.32.
BP p.l.c. engages in energy business worldwide. It operates through three segments: Upstream, Downstream, and Rosneft. The Upstream segment is involved in the oil and natural gas exploration, field development, and production; midstream transportation, storage, and processing; and marketing and trading of liquefied natural gas (LNG), biogas, power and natural gas liquids (NGLs).
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