BP (LON:BP) PT Raised to GBX 660

BP (LON:BP – Get Free Report) had its price objective boosted by stock analysts at The Goldman Sachs Group from GBX 650 ($7.86) to GBX 660 ($7.98) in a research note issued to investors on Thursday, FlyOnTheWall reports. The Goldman Sachs Group’s target price would indicate a potential upside of 30.54% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on BP. Berenberg Bank restated a “hold” rating and set a GBX 490 ($5.92) target price on shares of BP in a research report on Wednesday, September 13th. JPMorgan Chase & Co. increased their target price on BP from GBX 530 ($6.41) to GBX 600 ($7.25) in a report on Friday, September 22nd. HSBC boosted their price target on BP from GBX 515 ($6.23) to GBX 555 ($6.71) in a report on Wednesday, August 9th. Finally, Barclays reaffirmed an “overweight” rating and set a GBX 1,000 ($12.09) price objective on shares of BP in a research note on Tuesday, September 12th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, BP currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 622.10 ($7.52).

Get BP alerts:

View Our Latest Stock Report on BP

BP Stock Up 1.3 %

BP stock opened at GBX 505.60 ($6.11) on Thursday. BP has a 52 week low of GBX 445.25 ($5.38) and a 52 week high of GBX 570.57 ($6.90). The company has a current ratio of 1.17, a quick ratio of 0.62 and a debt-to-equity ratio of 70.91. The company has a market cap of £86.51 billion, a P/E ratio of 623.81, a P/E/G ratio of 0.35 and a beta of 0.62. The company’s 50-day moving average price is GBX 499.52 and its 200 day moving average price is GBX 491.85.

Insider Transactions at BP

In other news, insider Murray Auchincloss acquired 83 shares of the stock in a transaction on Monday, July 10th. The stock was bought at an average price of GBX 454 ($5.49) per share, with a total value of £376.82 ($455.48). In other BP news, insider Bernard Looney purchased 63 shares of BP stock in a transaction that occurred on Thursday, August 10th. The stock was purchased at an average price of GBX 493 ($5.96) per share, with a total value of £310.59 ($375.43). Also, insider Murray Auchincloss acquired 83 shares of the company’s stock in a transaction on Monday, July 10th. The shares were acquired at an average price of GBX 454 ($5.49) per share, for a total transaction of £376.82 ($455.48). Insiders purchased 219 shares of company stock valued at $106,482 over the last quarter. Company 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.

See Also

• Five stocks we like better than BP
• ETF Screener: Uses and Step-by-Step Guide
• Levi Strauss: A Bottom is in for Steady, Stable Dividend Payer
• What is a Bond Market Holiday? How to Invest and Trade
• Starbucks Is About To Become A Value Play You Can’t Miss
• Financial Services Stocks Investing
• Intel to Unlock Value By Spinning Off Programmable Chip Unit

Receive News & Ratings for BP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BP and related companies with MarketBeat.com's FREE daily email newsletter.