BP (LON:BP) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of BP (LON:BP) to a neutral rating in a research note released on Thursday, MarketBeat Ratings reports. JPMorgan Chase & Co. currently has GBX 510 ($6.44) price objective on the oil and gas exploration company’s stock, up from their prior price objective of GBX 440 ($5.56).

A number of other research firms have also commented on BP. Jefferies Financial Group restated a “buy” rating and set a GBX 540 ($6.82) price objective on shares of BP in a research note on Monday, December 16th. Royal Bank of Canada restated a “sector perform” rating and set a GBX 480 ($6.06) price objective on shares of BP in a research note on Thursday. Finally, Berenberg Bank lowered their price objective on BP from GBX 470 ($5.94) to GBX 440 ($5.56) and set a “hold” rating on the stock in a research note on Friday, November 29th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, BP presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 578.33 ($7.31).

BP Stock Performance

LON:BP opened at GBX 447.50 ($5.65) on Thursday. The stock has a market cap of £87.10 billion, a P/E ratio of 33.43, a PEG ratio of 0.35 and a beta of 0.49. The stock has a 50 day simple moving average of GBX 419.14 and a 200 day simple moving average of GBX 408.90. The company has a current ratio of 1.22, a quick ratio of 0.62 and a debt-to-equity ratio of 105.65. BP has a 1-year low of GBX 379.70 ($4.80) and a 1-year high of GBX 562.30 ($7.10).

Insider Activity

In other BP news, insider Murray Auchincloss purchased 95 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The shares were bought at an average price of GBX 394 ($4.98) per share, for a total transaction of £374.30 ($472.90). In the last quarter, insiders have acquired 270 shares of company stock worth $112,325. Insiders own 0.26% of the company’s stock.

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.