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

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BP (LON:BP)‘s stock had its “hold” rating reaffirmed by Jefferies Financial Group in a research report issued to clients and investors on Friday, ThisIsMoney.Co.Uk reports.

A number of other equities analysts have also recently issued reports on BP. Credit Suisse Group started coverage on shares of LTC Properties in a research report on Wednesday. They set an “underperform” rating and a $19.00 price objective for the company. Royal Bank of Canada upped their price objective on shares of Shopify from C$230.00 to C$265.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Goldman Sachs Group set a €152.00 ($176.74) price objective on shares of Aena SME and gave the stock a “sell” rating in a research report on Tuesday, April 30th. HSBC upgraded shares of AU Optronics from a “reduce” rating to a “hold” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. upped their price objective on shares of Weight Watchers International from $12.00 to $14.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 30th. Two investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. BP presently has a consensus rating of “Buy” and an average target price of GBX 650 ($8.49).

BP stock opened at GBX 546 ($7.13) on Friday. The stock’s 50 day moving average is GBX 546.35. The firm has a market cap of $111.34 billion and a PE ratio of 11.19. BP has a 1 year low of GBX 481.35 ($6.29) and a 1 year high of GBX 603.20 ($7.88). The company has a debt-to-equity ratio of 87.27, a quick ratio of 0.66 and a current ratio of 1.02.

In other BP news, insider Brian Gilvary bought 58 shares of BP stock in a transaction on Wednesday, July 10th. The shares were purchased at an average cost of GBX 546 ($7.13) per share, with a total value of £316.68 ($413.80). Insiders have acquired a total of 174 shares of company stock worth $94,192 over the last three months.

BP Company Profile

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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