BP (LON:BP) had its price objective decreased by Kepler Capital Markets from GBX 620 ($8.16) to GBX 420 ($5.52) 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. Kepler Capital Markets’ target price points to a potential upside of 66.87% from the stock’s previous close.

A number of other analysts have also recently weighed in on the company. Morgan Stanley reissued an “outperform” rating on shares of BP in a research report on Friday, February 14th. BNP Paribas lowered their price objective on BP from GBX 600 ($7.89) to GBX 430 ($5.66) and set an “outperform” rating for the company in a research report on Tuesday, March 10th. Citigroup cut BP from a “buy” rating to a “neutral” rating in a research report on Thursday, March 12th. Royal Bank of Canada cut BP from an “outperform” rating to an “underperform” rating in a research report on Monday, March 16th. Finally, Jefferies Financial Group cut BP to a “hold” rating in a research report on Monday, March 16th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company’s stock. BP has a consensus rating of “Buy” and a consensus price target of GBX 508.89 ($6.69).

LON BP traded up GBX 10.95 ($0.14) during midday trading on Thursday, hitting GBX 251.70 ($3.31). 131,692,992 shares of the company traded hands, compared to its average volume of 35,510,000. The company has a debt-to-equity ratio of 76.90, a current ratio of 1.12 and a quick ratio of 0.66. The company has a market cap of $51.00 billion and a PE ratio of 12.78. The company’s 50-day simple moving average is GBX 408.12 and its 200-day simple moving average is GBX 473.31. BP has a 52 week low of GBX 4.69 ($0.06) and a 52 week high of GBX 583.40 ($7.67).

In other news, insider Brian Gilvary purchased 65 shares of the stock in a transaction on Friday, January 10th. The stock was bought at an average price of GBX 492 ($6.47) per share, with a total value of £319.80 ($420.68).

About BP

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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Analyst Recommendations for BP (LON:BP)

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