JPMorgan Chase & Co. Analysts Give BP (LON:BP) a GBX 625 Price Target

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BP (LON:BP) received a GBX 625 ($8.17) price target from equities research analysts at JPMorgan Chase & Co. in a note issued to investors on Friday, Borsen Zeitung reports. The brokerage presently has a “buy” rating on the oil and gas exploration company’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 14.47% from the company’s previous close.

A number of other brokerages also recently commented on BP. Kepler Capital Markets set a €70.00 ($81.40) target price on Bayer and gave the company a “neutral” rating in a research note on Thursday, June 27th. Royal Bank of Canada lifted their target price on Shopify from C$230.00 to C$265.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. HSBC upgraded AU Optronics from a “reduce” rating to a “hold” rating in a research note on Wednesday. Goldman Sachs Group set a €152.00 ($176.74) target price on Aena SME and gave the company a “sell” rating in a research note on Tuesday, April 30th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $32.00 target price (down from $40.00) on shares of Healthcare Services Group in a research note on Friday. Two research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of GBX 650 ($8.49).

Shares of BP stock opened at GBX 546 ($7.13) on Friday. The company has a debt-to-equity ratio of 87.27, a quick ratio of 0.66 and a current ratio of 1.02. The company has a 50 day moving average of GBX 546.35. BP has a 52 week low of GBX 481.35 ($6.29) and a 52 week high of GBX 603.20 ($7.88). The firm has a market capitalization of $111.34 billion and a P/E ratio of 11.19.

In other BP news, insider Brian Gilvary acquired 58 shares of BP stock in a transaction dated Monday, June 10th. The stock was acquired at an average cost of GBX 552 ($7.21) per share, for a total transaction of £320.16 ($418.35). Over the last quarter, insiders have bought 174 shares of company stock valued at $94,192.

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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