BP (LON:BP) Upgraded 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 reports. The firm presently has a GBX 510 ($6.42) price target on the oil and gas exploration company’s stock, up from their prior price target of GBX 440 ($5.54). JPMorgan Chase & Co.‘s price objective suggests a potential upside of 10.08% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. Berenberg Bank lowered their price target on shares of BP from GBX 470 ($5.91) to GBX 440 ($5.54) and set a “hold” rating for the company in a report on Friday, November 29th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 540 ($6.80) price objective on shares of BP in a research report on Monday, December 16th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a GBX 480 ($6.04) target price on shares of BP in a research note on Thursday. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 578.33 ($7.28).

BP Trading Up 0.2 %

Shares of BP stock traded up GBX 0.90 ($0.01) during mid-day trading on Thursday, reaching GBX 463.30 ($5.83). 30,713,864 shares of the stock traded hands, compared to its average volume of 8,560,774. The stock’s fifty day simple moving average is GBX 416.66 and its two-hundred day simple moving average is GBX 408.63. The company has a quick ratio of 0.62, a current ratio of 1.22 and a debt-to-equity ratio of 105.65. BP has a 1-year low of GBX 379.70 ($4.78) and a 1-year high of GBX 562.30 ($7.08). The company has a market cap of £90.17 billion, a price-to-earnings ratio of 34.61, a price-to-earnings-growth ratio of 0.35 and a beta of 0.49.

Insider Buying and Selling at BP

In other BP news, insider Murray Auchincloss acquired 87 shares of the company’s stock in a transaction on Monday, February 10th. The shares were purchased at an average cost of GBX 433 ($5.45) per share, with a total value of £376.71 ($474.03). Over the last quarter, insiders bought 270 shares of company stock valued at $112,325. Company insiders own 0.26% of the company’s stock.

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.