BP (LON:BP) Raised to “Neutral” at JPMorgan Chase & Co.

BP (LON:BP) was upgraded by investment analysts at JPMorgan Chase & Co. to a “neutral” rating in a note issued to investors on Thursday, Marketbeat Ratings reports. The brokerage currently has a GBX 510 ($6.44) price target on the oil and gas exploration company’s stock, up from their prior price target of GBX 440 ($5.56). JPMorgan Chase & Co.‘s price target suggests a potential upside of 12.83% from the stock’s previous close.

Several other equities research analysts also recently weighed in on the stock. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 540 ($6.82) price objective on shares of BP in a report on Monday, December 16th. Royal Bank of Canada reissued a “sector perform” rating and issued a GBX 480 ($6.06) price target on shares of BP in a research note on Thursday. Finally, Berenberg Bank cut their target price on shares of 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 research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 578.33 ($7.31).

BP Trading Down 1.1 %

BP stock opened at GBX 452 ($5.71) on Thursday. BP has a 52-week low of GBX 379.70 ($4.80) and a 52-week high of GBX 562.30 ($7.10). The firm has a market capitalization of £87.97 billion, a price-to-earnings ratio of 33.76, a PEG ratio of 0.35 and a beta of 0.49. The firm has a 50-day moving average price of GBX 419.14 and a two-hundred day moving average price of GBX 409.06. The company has a quick ratio of 0.62, a current ratio of 1.22 and a debt-to-equity ratio of 105.65.

Insider Activity

In related news, insider Murray Auchincloss purchased 88 shares of BP stock in a transaction on Friday, January 10th. The stock was bought at an average price of GBX 423 ($5.34) per share, with a total value of £372.24 ($470.30). Insiders bought a total of 270 shares of company stock worth $112,325 in the last three months. 0.26% of the stock is owned by insiders.

About BP

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.