JPMorgan Chase & Co. Analysts Give BP (LON:BP) a GBX 625 Price Target
JPMorgan Chase & Co. set a GBX 625 ($8.17) price target on BP (LON:BP) in a research note released on Wednesday, Borsen Zeitung reports. The brokerage currently has a buy rating on the oil and gas exploration company’s stock.
Other equities analysts also recently issued reports about the stock. Jefferies Financial Group set a GBX 620 ($8.10) price target on shares of BP and gave the stock a buy rating in a research note on Wednesday, July 31st. Deutsche Bank reissued a buy rating on shares of BP in a research note on Friday, July 12th. Morgan Stanley reissued an overweight rating on shares of BP in a research note on Friday, August 30th. Kepler Capital Markets set a GBX 680 ($8.89) price target on shares of BP and gave the stock a buy rating in a research note on Thursday, June 27th. Finally, Credit Suisse Group set a GBX 605 ($7.91) price target on shares of BP and gave the stock a neutral rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of Buy and an average target price of GBX 646.56 ($8.45).
BP stock opened at GBX 521 ($6.81) on Wednesday. BP has a 1 year low of GBX 5.08 ($0.07) and a 1 year high of GBX 603.20 ($7.88). The company has a market cap of $106.05 billion and a P/E ratio of 11.89. The firm has a 50-day moving average of GBX 507.23 and a 200 day moving average of GBX 537.77. The company has a debt-to-equity ratio of 75.21, a current ratio of 1.07 and a quick ratio of 0.69.
In other BP news, insider Brian Gilvary acquired 58 shares of the business’s stock in a transaction on Wednesday, July 10th. The shares were acquired at an average price of GBX 546 ($7.13) per share, for a total transaction of £316.68 ($413.80). In the last 90 days, insiders acquired 184 shares of company stock worth $95,172.
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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