BP’s (BP) Hold Rating Reaffirmed at Jefferies Financial Group

BP (LON:BP)‘s stock had its “hold” rating reaffirmed by stock analysts at Jefferies Financial Group in a research note issued to investors on Wednesday, October 14th, Digital Look reports. They presently have a GBX 520 price target on the oil and gas exploration company’s stock. Jefferies Financial Group’s price target points to a potential downside of 14.16% from the company’s previous close.

A number of other brokerages have also recently issued reports on BP. The Goldman Sachs Group restated a “buy” rating on shares of BP in a report on Wednesday, July 1st. Royal Bank Of Canada reaffirmed a “buy” rating on shares of BP in a research note on Thursday, September 24th. Berenberg Bank increased their target price on shares of BP from GBX 600 to GBX 605 and gave the stock a “buy” rating in a report on Tuesday, August 18th. JPMorgan Chase & Co. lifted their price target on shares of BP from GBX 550 to GBX 675 and gave the stock an “overweight” rating in a research report on Wednesday, September 23rd. Finally, UBS Group reissued a “buy” rating on shares of BP in a research report on Monday, September 28th. Ten research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 627.

BP Trading Down 1.7%

Shares of LON:BP traded down GBX 10.60 during mid-day trading on Wednesday, reaching GBX 605.80. The stock had a trading volume of 45,451,898 shares, compared to its average volume of 8,560,774. The firm has a market cap of £117.91 billion, a PE ratio of 45.25, a price-to-earnings-growth ratio of 0.35 and a beta of 0.06. The firm has a 50 day simple moving average of GBX 555.69 and a two-hundred day simple moving average of GBX 542.05. The company has a current ratio of 1.27, a quick ratio of 0.62 and a debt-to-equity ratio of 124.41. BP has a twelve month low of GBX 379.70 and a twelve month high of GBX 562.30.

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. In addition, the company involved in convenience and retail fuel, EV charging, Castrol lubricant, aviation, B2B, and midstream businesses; refining and oil trading; and bioenergy business.