BP (LON:BP) PT Lowered to GBX 610

Posted by on May 6th, 2023

BP (LON:BP – Get Rating) had its price objective dropped by analysts at Credit Suisse Group from GBX 630 ($7.87) to GBX 610 ($7.62) in a research report issued on Thursday, The Fly reports. Credit Suisse Group’s target price would indicate a potential upside of 23.91% from the company’s previous close.

BP has been the subject of a number of other reports. JPMorgan Chase & Co. lowered their price objective on shares of BP from GBX 585 ($7.31) to GBX 570 ($7.12) in a research report on Wednesday, April 19th. Royal Bank of Canada boosted their target price on shares of BP from GBX 550 ($6.87) to GBX 650 ($8.12) and gave the stock an “outperform” rating in a report on Wednesday, February 8th. Citigroup reissued a “buy” rating on shares of BP in a report on Tuesday, March 21st. Barclays reissued an “overweight” rating and set a GBX 1,000 ($12.49) target price on shares of BP in a report on Wednesday, March 1st. Finally, Bank of America reduced their target price on shares of BP from GBX 550 ($6.87) to GBX 500 ($6.25) and set a “neutral” rating on the stock in a report on Tuesday, January 17th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 630.75 ($7.88).

BP Price Performance

BP stock opened at GBX 492.30 ($6.15) on Thursday. The company has a 50 day simple moving average of GBX 526 and a 200 day simple moving average of GBX 500.84. The stock has a market cap of £86.84 billion, a price-to-earnings ratio of -4,331.82, a P/E/G ratio of 0.35 and a beta of 0.59. BP has a 1 year low of GBX 359.20 ($4.49) and a 1 year high of GBX 570.57 ($7.13). The company has a debt-to-equity ratio of 66.87, a current ratio of 1.09 and a quick ratio of 0.62.

Insider Buying and Selling

In related news, insider Bernard Looney bought 60 shares of the business’s stock in a transaction that occurred on Tuesday, April 11th. The shares were acquired at an average cost of GBX 532 ($6.65) per share, with a total value of £319.20 ($398.80). In other BP news, insider Murray Auchincloss acquired 67 shares of the stock in a transaction on Friday, February 10th. The shares were purchased at an average price of GBX 546 ($6.82) per share, for a total transaction of £365.82 ($457.05). Also, insider Bernard Looney acquired 60 shares of the stock in a transaction on Tuesday, April 11th. The shares were acquired at an average price of GBX 532 ($6.65) per share, for a total transaction of £319.20 ($398.80). Insiders have purchased a total of 195 shares of company stock valued at $106,378 over the last ninety days. 0.25% of the stock is owned by corporate insiders.

BP Company Profile

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BP p.l.c. engages in the energy business worldwide. It operates through Gas & Low Carbon Energy, Oil Production & Operations, Customers & Products, and Rosneft segments. It produces and trades in natural gas; offers biofuels; operates onshore and offshore wind power, and solar power generating facilities; and provides de-carbonization solutions and services, such as hydrogen and carbon capture and storage.

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