BP (LON:BP) Given New GBX 600 Price Target at JPMorgan Chase & Co.

BP (LON:BP – Get Free Report) had its price target boosted by equities research analysts at JPMorgan Chase & Co. from GBX 530 ($6.57) to GBX 600 ($7.43) in a research note issued to investors on Friday, FlyOnTheWall reports. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 14.13% from the stock’s previous close.

A number of other equities analysts have also recently commented on the stock. Barclays reaffirmed an “overweight” rating and issued a GBX 1,000 ($12.39) target price on shares of BP in a report on Tuesday, September 12th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 490 ($6.07) target price on shares of BP in a report on Wednesday, September 13th. Finally, HSBC lifted their target price on shares of BP from GBX 515 ($6.38) to GBX 555 ($6.87) in a report on Wednesday, August 9th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, BP currently has an average rating of “Moderate Buy” and a consensus target price of GBX 617.89 ($7.65).

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BP Stock Up 1.0 %

Shares of LON:BP opened at GBX 525.70 ($6.51) on Friday. The company has a market capitalization of £90.21 billion, a PE ratio of 657.13, a P/E/G ratio of 0.35 and a beta of 0.64. The company has a current ratio of 1.17, a quick ratio of 0.62 and a debt-to-equity ratio of 70.91. BP has a twelve month low of GBX 421.10 ($5.22) and a twelve month high of GBX 570.57 ($7.07). The firm has a 50 day simple moving average of GBX 489.11 and a 200-day simple moving average of GBX 492.24.

Insider Buying and Selling

In other BP news, insider Murray Auchincloss acquired 83 shares of the firm’s stock in a transaction that occurred on Monday, July 10th. The shares were acquired at an average cost of GBX 454 ($5.62) per share, for a total transaction of £376.82 ($466.77). In other news, insider Bernard Looney bought 63 shares of BP stock in a transaction on Thursday, August 10th. The shares were bought at an average cost of GBX 493 ($6.11) per share, for a total transaction of £310.59 ($384.73). Also, insider Murray Auchincloss bought 83 shares of BP stock in a transaction on Monday, July 10th. The stock was purchased at an average price of GBX 454 ($5.62) per share, for a total transaction of £376.82 ($466.77). Insiders have acquired 219 shares of company stock worth $106,482 in the last three months. Corporate insiders own 0.25% of the company’s stock.

BP Company Profile

(Get Free Report)

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.

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